The U.S. Federal Reserve building in Washington, D.C.
Adam Jeffery | CNBC
The market and the Federal Reserve are currently far apart when it comes to expectations of where rates are headed. Two candidates who President Donald Trump said he is going to nominate to the central bank could bring them closer together.
In a tweet Tuesday, the president said he plans on sending the names of Christopher Waller and Judy Shelton to the Senate as Fed governor appointees. Shelton was no surprise — Trump already has named her to a government post and previously indicated he’s interested in her for the Fed job.
Waller is a bit more of a cipher. As head of research at the St. Louis Fed, he’s maintained a low-key presence that makes it a bit more difficult to know where he’d try to take the broader central bank.
Taken together, though, they represent advancement of a key Trump belief, namely that the Fed needs to be a more complicit partner in pushing the economic expansion higher, and should be…