FEDERAL RESERVE/SENATE/TRUMP AS PRESIDENT/TRUMP PEOPLE: “President Donald Trump’s latest pair of hopefuls for the Federal Reserve board don’t have the same baggage as Stephen Moore and Herman Cain. And that might be just enough to get them confirmed. After Cain and Moore’s Fed prospects both ended in spectacular failure, Trump’s choices of Christopher Waller and Judy Shelton are being viewed as significant improvements despite Shelton’s support for the gold standard and shifting positions on interest rates. And so Republicans are optimistic about the nominations even as they caution that confirmation could be several months away given the vetting the Senate is expected to do…Republicans who had panned Moore’s comments demeaning women or Cain’s history in politics and sexual harassment allegations against him said they were far more comfortable with Waller, a research director at the Federal Reserve Bank of St. Louis, and Shelton, a Senate-confirmed economist in the Trump administration. By contrast, Moore and Cain were tagged as political nominees who also had personal issues that derailed their bids.”
–Burgess Everett and Mariane Levine, “Trump may avoid another Fed fiasco in Senate,” Politico, July 10, 2019 5:08 am