December 4, 2020
Senate confirms new member of Fed board
The Senate confirmed Christopher Waller to join the Federal Reserve’s Board of Governors yesterday. Waller is currently the St. Louis Fed’s research director and, once sworn in, is expected to serve on the seven-member board until 2030. The confirmation comes as the fed continues to leverage a wide range of monetary policy tools (including near-zero interest rates) to combat the economic impact of the ongoing coronavirus outbreak.