US Senate Approved New Fed Board Member

The United States Senate confirmed on Thursday one of President Donald Trump’s picks to the Federal Reserve’s board of governors, the Wall Street Journal reported.

Christopher Waller, Research Director at the Federal Reserve Bank of St. Louis, was confirmed to a term that extends until January 2030.

A total of 48 senators voted in favor of the nomination, while 47 opposed, which reflects the partisanship ahead of a change in the administration and the possibility of Democrats restoring the majority of the Senate seats in January 2021.