Economics

Trump Taps a Longtime Dove and a Onetime Gold Bug for Fed

  • Waller serves as research director with St. Louis Fed
  • Shelton has served as an informal adviser to president
Trump Says He’ll Nominate Shelton, Waller to Fed Board
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After a yearlong assault on the Federal Reserve and its chairman, President Donald Trump has tapped two wildly different economists to the central bank’s board who seemingly have one important thing in common.

They’re both likely to support the president’s call for lower interest rates.