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BREAKING NEWS

BREAKING NEWS

Trump to nominate Fed critic Stephen Moore to the Fed

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Trump to nominate Fed critic Stephen Moore to the Fed
Stephen Moore of The Heritage Foundation is interviewed in his Washington office in 2016. -
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Tom Williams CQ Roll Call via AP
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President Donald Trump said on Friday that he will nominate Stephen Moore, who has been critical of Federal Reserve Board policy and its current chairman, to a seat on the board.

"I will be nominating Mr. Moore for the Fed," Trump said. "He's going to be a great."

Moore, 59, previously served as a Trump 2016 campaign adviser and is currently a visiting fellow at the Heritage Foundation. He also co-authored a 2018 book titled, "Trumponomics: Inside the America First Plan to Revive Our Economy."

Moore, like Trump, has been a frequent critic of Fed Chairman Jerome Powell. Last December, he wrote an op-ed slamming the Fed for raising interest rates, calling Powell "tone-deaf."

The nomination requires Senate confirmation.

This is a breaking news story, please check back for updates.