Trump says to nominate Stephen Moore to FED

US President Donald Trump said on Friday he's nominating Stephen More to fill one of the vacancies in the Federal Reserve Board. "It is my pleasure to announce that @StephenMoore, a very respected Economist, will be nominated to serve on the Fed Board. I have known Steve for a long time - and have no doubt he will be an outstanding choice!" Trump tweeted.

Moore has been critical about Federal Reserve policy under its current chairman Jerome Powell. “I believe the people on the Federal Reserve Board should be thrown out for economic malpractice,” he said on radio in December.

(PAP)