Senate Banking to hear Fed nominees’ testimony Feb. 13

The president’s two nominees to the Federal Reserve Board – Judy Shelton and Christopher Waller – are scheduled to testify on their nominations Feb. 13 before the Senate Banking Committee.

The Senate received the nominations from President Donald Trump Jan. 28.

Shelton, a former executive director of the European Bank for Reconstruction and Development, would fill the remainder of a 14-year term expiring Jan. 31, 2024, if confirmed. (When named in fall 2016 as a member of then-President Elect Trump’s transition team at Treasury, she described herself as a “self-employed economist.”)

Waller, an economist and executive vice president and director of research at the Federal Reserve Bank of St. Louis, would fill the remainder of a 14-year term expiring Jan. 31, 2030.

Also testifying Feb. 13 will be Jessie K. Liu, the president’s pick to fill the post of under secretary for terrorism and financial crimes at Treasury.

The hearing is set to begin at 10 a.m. ET and will be webcast live.

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