Capital Economics: Trump's nomination of his economic advisor to the Federal Reserve is a pleasant surprise

ChainCatcher news, Capital Economics economist Paul Ashworth wrote that President Trump’s nomination of his economic advisor Stephen Moore to the Federal Reserve Board is a good choice. Moore will currently fill the vacancy on the Federal Reserve Board in the short term, but Ashworth noted that he may be renominated, especially if he leans towards the interest rate cuts that Trump has vocally supported. This move is "a welcome surprise."