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Trump said on Twitter he intends to nominate Christopher Waller,
an executive vice president at the Federal Reserve Bank of St.
Louis, and Judy Shelton, the U.S. director of the European Bank
for Reconstruction and Development.
Both nominees must be confirmed by the U.S. Senate.
Before joining the Fed Bank in St. Louis as research director in
2009, Waller was an economics professor at the University of
Notre Dame.
Shelton, who served as an economic adviser to Trump's 2016
presidential campaign, has advocated a return to the gold
standard.
Trump has been critical of the Fed, and Chairman Jerome Powell
in particular, for raising interest rates.
Trump says he wants lower rates to better compete with China and
has accused Powell, whom he appointed to lead the central bank
in early 2018, of doing a "bad job."
Trump's earlier choices for the Fed seats, economic commentator
Stephen Moore and businessman Herman Cain, withdrew from
consideration.
Cain pulled out in mid-April after lawmakers expressed
discomfort with the sexual harassment allegations that cut short
his presidential bid in 2012. Cain has denied those allegations.
Moore withdrew from consideration in May after weeks of
criticism about his political partisanship, shifting views on
interest rate policy, and sexist comments about women.
Neither Cain nor Moore had been formally nominated.
(Reporting by Eric Beech; editing by Mohammad Zargham and Peter
Cooney)
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