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Trump Picks Two Fed Nominees Likely to Support Easier Policy

Posted on AllSides July 3rd, 2019
From The Left

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 the more conventional choice drawn from within the Fed’s own ranks. The other, Judy Shelton, has spent decades outside mainstream economics and has already faced criticism for some of her unconventional views on monetary policy.

Waller is director of research for...

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