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Trump says he'll nominate Stephen Moore to Fed board

Photo: Tom Williams/CQ Roll Call

President Trump announced in a Friday tweet that he plans to nominate conservative economist and 2016 campaign adviser Stephen Moore to the Federal Reserve board.

Our thought bubble, via Axios' Courtenay Brown: If nominated and confirmed, Moore, who previously called Fed Chairman Jerome Powell incompetent, would fill one of the two vacancies on the Fed’s board of governors. Trump has not backed down on his unprecedented criticism of Powell, even though the Fed has indicated it will pause interest rate hikes — one of Trump’s gripes with the Fed.

Go deeper: Trump works to fill out the Fed board