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After several unsuccessful attempts to put his preferred candidates on the Fed's board, moments ago Donald Trump announced that he intends to nominate Christopher Waller, who is currently the Executive VP and Director of Research, at the St. Louis Fed, to the board of the Federal Reserve. Prior to his current position, Christopher served as a professor and Chair of Economics at Notre Dame.
For those who haven't heard of Waller before, it's hardly a shock: it appears to be his intention to keep a low profile.
Waller - St - Louis - Fed
This is what we do know about Waller, from his St Louis Fed profile:
He received his B.S. in economics from Bemidji State University in 1981, and his M.A. and Ph.D. from Washington State University in 1984 and 1985, respectively. His principal research interests are monetary theory, political economy and macroeconomic theory.
Fed - Research - Director - June - Mr
Prior to joining the Fed as research director in June 2009, Mr. Waller served as a professor and the Gilbert F. Schaefer Chair of Economics at the University of Notre Dame. He was also a research fellow with Notre Dame's Kellogg Institute for International Studies.
From 2006 to 2007, he served as the acting department chair for Notre Dame's Department of Economics and Econometrics. From 1998 to 2003, Mr. Waller was a professor and the Carol Martin Gatton Chair of Macroeconomics and Monetary Economics at the University of Kentucky. During that time, he was also a research fellow at the Center for European Integration Studies (ZEI) at the University of Bonn. From 1992-1994, he served as the director of graduate studies at Indiana University's Department of Economics, where he also served as associate professor (1992 to 1998) and an assistant professor (1985 to 1992).
Reason - Gold - Hours - Waller - Nomination
However, the reason why gold is spiking after hours, is that shortly after tweeting the Waller nomination, Trump also confirmed the previously rumored...
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