Trump to nominate Stephen Moore, a dove to the Federal Reserve

US President Donald Trump is set to nominate Stephen Moore to the Board of Governors of the Federal Reserve. Moore is a critic of tight Fed policy and may tilt the central bank to looser monetary policy.

The economist is also a member of the Conservative Club for Growth and Heritage Foundation Think Tanks. Moore is a supporter of the President. The Senate needs to approve the nomination. 

Fed Chair Jerome Powell has been nominated by Trump but his policies have sometimes contradicted the President's wishes.