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Republicans Fail to Advance Shelton’s Fed Board Candidacy

Republicans Fail to Advance Shelton’s Fed Board Candidacy

WASHINGTON—Senate Republicans failed to secure enough votes Tuesday to advance the confirmation of Judy Shelton to a seat on the Federal Reserve’s boa

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WASHINGTON—Senate Republicans failed to secure enough votes Tuesday to advance the confirmation of Judy Shelton to a seat on the Federal Reserve’s board of governors because two GOP senators were absent because of coronavirus-related health precautions.

Ms. Shelton, an outspoken critic of the central bank and a close friend of President Trump’s economic adviser Lawrence Kudlow, faces opposition from three senators in her own party, further setting back her prospects as the window for a confirmation vote narrows.

Though…

This post first appeared on wsj.com

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