President has selected a new Federal Reserve board member, Stephen Moore, a renowned economist and strong supporter since 2016. The Daily Caller reports:
President Donald Trump announced Friday morning that he will nominate Heritage Foundation economist Stephen Moore to the Federal Reserve board of governors.
Moore has long been a supporter of Trump, including throughout the 2016 presidential election. He has written approvingly of the president’s criticisms of the Federal Reserve.
“I believe the people on the Federal Reserve Board should be thrown out for economic malpractice,” he said in December.
Federal Reserve Chairman Jerome Powell is interviewed on CBS News’ “60 Minutes,” March 10, 2019. CBS News screenshot.
This nomination will further solidify President Trump’s economic agenda and ensure further prosperity.