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Senate Confirms Waller; Powell and Mnuchin Update Congress

The Senate confirmed Christopher Waller to the Federal Reserve Board on Thursday on a party-line vote, except for Rand Paul (R-KY) who dissented. Mr. Waller is the less controversial and visible Trump nominee, when compared with Judy Shelton and Herman Cain. Ms. Shelton’s nomination still is very unlikely to be taken up since the GOP majority has gotten thinner with recent the swearing in of the new Democratic Senator from AZ, Mark Kelley. Mr. Waller was Head of Research at the St. Louis Fed.

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