Trump reportedly considering Fed critic Stephen Moore for central bank appointment

President Donald Trump reportedly is set to offer a position on the Federal Reserve to economic commentator and former campaign advisor Stephen Moore.

The president is waiting for Moore to get through the nominee clearance process, according to reports from Dow Jones and Bloomberg.

“I could just say that I’ve been talking to some people about it, but I’ve not been formally offered a position,” Moore told CNBC. “If I were offered it, I would do it.”

Moore, 59, currently is a visiting fellow at the Heritage Foundation and has been a Trump supporter since the 2016 election. In October 2018, he released the book with economist Art Laffer, “Trumponomics: Inside the America First Plan to Revive Our Economy.”

Moore also has been a frequent Fed critic, saying the central bank’s policies of keeping short-term rates near zero and buying bonds to stimulate growth were misguided and would spur inflation.

“If I were to do it I would certainly want to try to influence the Fed to a stable dollar and pro-growth monetary policy,” he told CNBC.

CNBC has reached out to the White House for comment.

Reports had circulated in late-January that Trump was considering businessman and former presidential candidate Hermain Cain for a Fed governorship. Cain has previously served as chairman of the Kansas City Fed.

There currently are two governorship vacancies on the seven-member board.

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