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

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.

One, Christopher Waller, is largely a conventional choice. Drawn from within the Fed’s own ranks, he’s been consistent in his calls for a more dovish approach over the years. The other, Judy Shelton, has spent decades outside mainstream economics and recently appears to have completed a metamorphosis from proponent of returning to the gold standard ...