July 10, 2019 / 7:45 PM / a month ago

Fed's Bullard says Trump's Fed pick Waller is 'his own person'

FILE PHOTO: St. Louis Federal Reserve Bank President James Bullard speaks at a public lecture in Singapore October 8, 2018. REUTERS/Edgar Su/File Photo

(Reuters) - St. Louis Federal Reserve President James Bullard told reporters after a talk that U.S. President Donald Trump’s pick for the Fed Board, St. Louis Fed research director Christopher Waller, holds views close to his own but would be “his own person” if confirmed to the policy-setting post in Washington.

Bullard did not say whether he gave Waller’s name to the White House as a potential candidate, though he said there are many “exploratory” conversations as potential Fed Board governors are sought, and he had earlier said he had himself been contacted about taking the job.

Bullard said then that he would not consider leaving his current job for Washington. On Wednesday, he said that Waller’s promotion via an appointment to the board to a rate-setting position, effectively blocked within the St. Louis Fed as long as Bullard serves in his post, “makes a lot of sense.”

Reporting by Ann Saphir; editing by Jonathan Oatis

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