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The Fed: Trump’s two Fed picks facing different odds at winning Senate approval

Bloomberg News/Landov
Judy Shelton advised President Trump during his presidential campaign.

President Donald Trump’s latest two picks to the Federal Reserve are facing different odds of getting on the central bank’s board of governors.

July Shelton, who now serves as U.S.executive director at the European Bank for Reconstruction and Development and advised Trump during his campaign, is seen as a facing a tougher road to getting confirmed.

On the other hand, Christopher Waller, who is director of research at the St. Louis Fed, seems a relative shoo-in, analysts said.

“While Waller should have no problem getting confirmed as he is a traditional candidate for the Fed board, we believe Shelton is more than likely not to get confirmed by the Senate,” said Stephen Myrow, managing partner at Beacon Policy Advisors.

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