US President Donald Trump Offers Fed Board Seat To Stephen Moore

Washington: US President Donald Trump on Friday said he would nominate his former campaign adviser Stephen Moore to serve on the Federal Reserve’s Board of Governors. “It is my pleasure to announce that Stephen Moore, 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!” the president wrote on Twitter, Xinhua reported.

Donald Trump made the offer to the economic commentator earlier this week, but Moore still has to clear background-check process for the nomination, which would take weeks or months, the Wall Street Journal (WSJ) quoted an unnamed senior administration official as saying Friday. Moore is a visiting fellow for Project for Economic Growth at The Heritage Foundation. He created the Club for Growth, which helps elect conservative members of the Congress. (IANS)

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