Analysis: Waller moves one step closer to succeeding as Federal Reserve Chair, potentially receiving full Senate confirmation before Powell's term ends

Kevin Waller, the next Federal Reserve Chair nominee put forward by U.S. President Donald Trump, won support in the Senate Banking Committee with a 13–11 vote, paving the way for him to secure full Senate confirmation before Powell’s term ends on May 15. The nomination will then be put to a full vote in the Senate. Waller’s nomination had previously been blocked by Republican Senator Tom Tillis until the Department of Justice agreed last week to temporarily drop its criminal investigation into cost overruns for the Federal Reserve’s Washington headquarters renovation project. This vote makes it possible for the Federal Reserve, led by Waller, to deliver what could become the largest reshuffling of the U.S. central bank in years. In seeking Trump’s nomination, Waller had floated the prospect of “regime change,” pledging to reduce the Fed’s $6.7 trillion balance sheet, establish a new inflation-management framework, and change how the central bank communicates with the public. However, he provided few details on how to achieve these goals. $BTC $ETH $DOGE