Updated at 10:45 p.m. ET
President Trump said Friday he will nominate conservative TV commentator and former Trump campaign adviser Stephen Moore to one of two vacant seats on the Federal Reserve Board.
Moore, 59, has joined the president in criticizing the central bank, led by Chairman Jerome Powell, 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.