Banking Law News

Trump Plans to Nominate Shelton, Waller to Federal Reserve (3)

Jan. 17, 2020, 5:59 PM

President Donald Trump plans to nominate Judy Shelton and Christopher Waller to join the Federal Reserve, the White House said.

The president, who has publicly criticized Fed Chairman Jerome Powell and his colleagues for not cutting interest rates as aggressively as he would like, tapped the pair in July for the two remaining vacancies on the central bank’s seven-seat board in Washington. But the formal announcement of his intention to nominate them didn’t come until Thursday and will now move to the Senate for consideration.

If confirmed by the Senate, they will join an institution that’s been under constant attack...

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