Moderate is used with these nouns as the object:
debate, effect, panel

be

very
fairly, relatively
a fairly moderate increase in the rate of inflation

politically

Moderate is used with these nouns:
amount, conservatism, consumption, degree, depression, drinker, drinking, exercise, faction, heat, increase, infection, inflation, intake, level, means, Muslim, nationalist, oven, pace, rainfall, rate, risk, severity, size, socialist, success, temperature, tempo, view, wind, wing