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MNI BRIEF: US Senate Confirms Waller As Fed Governor

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WASHINGTON (MNI)

The U.S. Senate voted 48-47 Thursday to confirm Christopher Waller of the St. Louis Fed to the Federal Reserve board of governors for a seat that runs through January 2030.

Waller's confirmation leaves one open seat on the seven-member board, but Trump's other Fed nominee Judy Shelton's chances of being confirmed are looking increasingly unlikely, as Democrats gained a vote after Senator Mark Kelly was swore in Wednesday. The close vote to confirm Waller is unprecedented during a lame-duck session of Congress.

Asked on Tuesday about the status of Shelton's nomination, Senate Majority Leader Mitch McConnell said, "We can reconsider it in the future."

MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | evan.ryser@marketnews.com

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