Senate confirms Christopher Waller to serve on Fed’s board

WASHINGTON (AP) — The Senate has narrowly confirmed the nomination of Christopher Waller for the Federal Reserve’s Board of Governors, placing another of President Donald Trump’s picks on the Fed’s influential board after a string of high-profile rejections.

The vote Thursday in favor of Waller’s appointment was 48-47.

Waller, research director for the St. Louis Federal Reserve Bank, has built a career of solid economic credentials and has endured far less scrutiny than Judy Shelton, the controversial nominee he was paired with and who was voted down in the Senate last month.