Trump announces will nominate two allies for Fed board

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Trump announces will nominate two allies for Fed board
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NSTworld: Trump had originally tweeted in July he would nominate Christopher Waller, a director of the Fed’s satellite office in St. Louis, Missouri, and conservative economist Judy Shelton.

Trump had originally tweeted in July he would nominate Christopher Waller, a director of the Fed’s satellite office in St. Louis, Missouri, and conservative economist Judy Shelton.

Both Waller and Shelton – who Trump noted both possess doctorates – are economists who share the president’s cutting opinion of the Fed. She is an outspoken supporter of low interest rates – she has indicated she approved of lowering them to zero percent in one or two years – and like the president often uses Twitter to share her views.

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