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Shelton’s Fed Candidacy Goes Down to Wire With Close Vote Expected

Shelton’s Fed Candidacy Goes Down to Wire With Close Vote Expected

WASHINGTON—Senate Republicans were preparing to advance Tuesday through the final steps needed to confirm a nominee of President Trump to a seat on th

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WASHINGTON—Senate Republicans were preparing to advance Tuesday through the final steps needed to confirm a nominee of President Trump to a seat on the Federal Reserve’s board of governors but faced a narrow path due to absences and some opposition in their ranks.

If confirmed, Judy Shelton, a critic of the central bank who is close friends with Mr. Trump’s economic adviser Lawrence Kudlow, would fill one of two vacancies, with a term that runs through January 2024.

The…

This post first appeared on wsj.com

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