Trump failed to remake the Fed in his image. His legacy may be polarizing its confirmations.
By Tory Newmyer
with Brent D. Griffiths
Trump failed to remake the Fed in his image. His legacy may be polarizing its confirmations.
President Trump’s four-year struggle to reshape the Federal Reserve in his image likely met its failed end Thursday.
The Senate confirmed one of his last nominees to the central bank’s board: Christopher Waller, an uncontroversial wonk who believes in an independent Fed. Meanwhile Republicans are all but abandoning the bid of lightning-rod Trump ally Judy Shelton.
But a footnote from the otherwise anticlimactic finale points to a lasting mark the Trump era could leave on the institution: Waller’s winning margin, 48-47 with Democrats unified in opposition, was the narrowest for a Fed governor in at least 40 years.
WaPo
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