US Senate approves Christopher Waller to the Federal Reserve Board

From the New York Times:

Mr. Waller is a seasoned economist who has worked in academia and, most recently, as research director at the Federal Reserve Bank of St. Louis. His nomination was first announced in the summer of 2019, and he was confirmed to an unexpired 14-year term that stretches through early 2030.

Mr. Waller’s research has covered topics including central bank independence — “the key tool to ensure a government will not misuse monetary policy” — and he has laid out a rationale for keeping borrowing costs cheap when prices are increasing slowly, as they have been in recent years.

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