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St. Louis Fed’s Waller Joins Bullard in a Dovish Duo at the Fed

  • Trump named research director for one of two governor posts
  • Waller helped Bullard form his commitment to low rates
Christopher Waller
Christopher WallerPhotographer: David Paul Morris/Bloomberg

After St. Louis Federal Reserve President James Bullard told the White House he wasn’t interested in a Fed governor’s job in Washington, President Donald Trump turned to someone very similar.

Christopher Waller, who Trump named Tuesday as a nominee for one of two open board seats, is research director at the St. Louis Fed and was once Bullard’s teacher and mentor. Waller, 60, helped develop Bullard’s commitment to low interest rates and shares his view of the past three years that policy is in a new regime -- where higher interest rates aren’t needed.