The Senate voted 48-47 on Thursday to confirm Trump nominee Christopher Waller to the Federal Reserve Board of Governors — filling one of the two vacant slots on the influential economic body.

Why it matters: It's one of the last marks left on the Fed board by Trump, who has nominated five of its six members.

• Waller, who's served as research director at the St. Louis Federal Reserve Bank, has a more traditional background for the Fed than Judy Shelton, who was nominated alongside Waller earlier this year.
• Shelton's controversial nomination has been fraught from the start — and looks to have hit a wall.