A third Republican senator said Monday he would oppose the confirmation of a nominee of President Trump to a seat on the Federal Reserve’s board of governors, setting up a close vote as soon as this week.

In a statement, Sen. Lamar Alexander (R., Tenn.) said he wouldn’t support the nomination of Judy Shelton, an outspoken critic of the central bank and close ally of Mr. Trump’s economic adviser Larry Kudlow, leaving her with support from no more than 50 senators.

“I…

This post first appeared on wsj.com

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