U.S. Senate confirms Christopher Waller as Fed governor
WASHINGTON, Dec. 3 (Xinhua) -- The U.S. Senate on Thursday confirmed Christopher Waller, a regional Federal Reserve official, to serve on the central bank's seven-member board of governors in Washington.
Waller, executive vice president and director of research at the Federal Reserve Bank of St. Louis, was approved by the Senate with a vote of 48-47.
Waller is viewed as a policy dove who will probably fully support the central bank's projection to hold interest rates near zero to support the U.S. economy during the COVID-19 pandemic, according to Bloomberg News.
"He didn't deserved so tight a confirmation. He will help advance the conduct of monetary and regulatory policy at the Fed," Roberto Perli, a former Fed staffer and now head of global policy research at Cornerstone Macro, tweeted after Waller's confirmation.
U.S. President Donald Trump announced his intention to nominate Waller and Judy Shelton, a conservative economist who advised Trump's 2016 presidential bid, for two vacancies on the Fed's board of governors in July 2019.
But the confirmation process had been held up for months amid mounting controversy over Shelton's views on monetary policy and her calls for closer ties between the White House and the central bank.
The Senate voted last month to reject a move to advance the nomination of Shelton to the Fed Board, as all Democrats and several Republicans voted against her.
[ Editor: WPY ]
More From Guangming Online
Medics from Fujian leave for Shanghai to aid in battle against COVID-19 resurgence
New int'l land-sea transport service to Indo-China Peninsula launched
Another makeshift hospital under construction in Shanghai
Tourists view tulips in Suiping County, Henan
In pics: blooming gagea flowers on grassland in Zhaosu, Xinjiang
Greek workers stage 24-hour general strike over high prices