Trump's Fed pick Waller to get confirmation vote Thursday

Published 12/03/2020, 09:59 AM
Updated 12/03/2020, 10:00 AM
© Reuters.

(Reuters) - St. Louis Federal Reserve Bank research director Christopher Waller moved a step closer on Wednesday toward a seat on the U.S. Federal Reserve after a procedural move in the U.S. Senate cleared the way for a final vote on his nomination on Thursday.

Senators voted 50-45 to end debate on outgoing President Donald Trump's nominee for one of two vacant seats at the Fed. A confirmation on Thursday could leave enough time for Waller to be sworn in before the U.S. central bank's next policy-setting meeting in mid-December.

A similar procedural vote last month for a second Fed nominee, Trump former economic adviser Judy Shelton, failed to win enough support from the Republican majority in the Senate, and no new vote is scheduled.

© Reuters. FILE PHOTO: The Federal Reserve in Washington

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.