As the Federal Reserve reduces interest rates for the first time in more than a decade, David Nicklaus and Jim Gallagher assess what the nomination of St. Louisan Christopher Waller will mean for future Fed policy. Waller, they note, brings impressive research credentials at a time when the Fed is receiving political pressure from President Donald Trump.

Morning Dispatch e-newsletter

* I understand and agree that registration on or use of this site constitutes agreement to its user agreement and privacy policy.