Trump plans on nominating Christopher Waller, Judy Shelton to the Federal Reserve

On Tuesday, President Trump announced via Twitter that he plans on nominating Judy Shelton and Christopher Waller to fill the last open seats on the Federal Reserve board of governors.

Nominees must be confirmed by the Senate, and Trump's last four contenders all failed to make it through to the end of the process.

A conservative critic of the Federal Reserve, Shelton served as an economic adviser to the Trump campaign, is U.S. executive director of the European Bank for Reconstruction and Development, and has a PhD in business administration from the University of Utah. Waller is director of research at the Federal Reserve Bank of St. Louis, holds a PhD in economics from Washington State University, and was once a professor of economics at the University of Notre Dame.

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Trump has repeatedly voiced his anger with Fed Chairman Jerome Powell, complaining that interest rates are too high. In June, Shelton told The Washington Post interest rates should be cut "as fast as possible."