Waller Confirmed for Fed With Shelton’s Nomination Still in Limbo
- Waller seen as likely policy dove who will back zero Fed rates
- Shelton’s chances dim after Republicans lose a seat in Senate
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The Senate confirmed Christopher Waller to serve on the Federal Reserve Board, but the status of President Donald Trump’s second nominee, Judy Shelton, remained in limbo amid opposition from Democrats and some Republicans.
Senators voted 48-47 to put Waller on the U.S. central bank, concluding a confirmation process that had been dragged out for months because of controversy surrounding Shelton, who was nominated by Trump at the same time.