President Trump said Friday he will nominate conservative commentator and former Trump campaign adviser Stephen Moore to one of two vacant seats on the Federal Reserve Board.
Moore, 59, is a longtime proponent of supply-side economics, the idea that growth is best stimulated by lowering taxes and reducing government regulation. He has joined the president in criticizing the central bank for raising interest rates.
"I have known Steve for a long time—and have no doubt he will be an outstanding choice!" Trump said in a tweet.