Trump Offers Two Nominations for Fed Board

Jan 22, 2020

Federal Reserve Chairmain Jerome Powell warns that without added government aid, there could be "lasting damage,"

President Trump has nominated Judy Shelton and Christopher Waller to become members of the Federal Reserve’s Board of Governors.

Shelton most recently served as U.S. executive director of the European Bank for Reconstruction and Development and was previously chairwoman of the National Endowment for Democracy in 2017, having served as vice chairman from 2010 to 2014 and on the board from 2005 to 2014. She was also a founding member of Empower America and a staff economist for the National Commission on Economic Growth and Tax Reform chaired by Jack Kemp from 1995 to 1996. She is being nominated for the remainder of a 14-year term expiring Jan. 31, 2024.

Waller is currently executive vice president and director of research at the Federal Reserve Bank of St. Louis, a position he has held since 2009. He was previously the Gilbert F. Schaefer Chair of Economics at the University of Notre Dame from 2003 to 2011. He is being nominated for the remainder of a 14-year term, expiring Jan. 31, 2030.

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Phil Hall

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Jan 22, 2020

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