A controversial nominee of President Trump for the Federal Reserve’s policy-making board moved closer to confirmation Thursday after Senate Majority Leader Mitch McConnell (R., Ky.) set in motion the procedures needed to secure a final vote.
The candidacy of Judy Shelton, an economic commentator, for the Fed’s board of governors had been approved by the Senate Committee on Banking, Housing, and Urban Affairs in July on a party-line vote despite objections from Democrats. With Thursday’s procedural motion, Ms. Shelton could…
