Trump Nominee To Federal Reserve Fails To Advance

The Washington Post reports:

Judy Shelton’s nomination to the Federal Reserve Board of Governors failed to advance in the Senate on Tuesday, jeopardizing her prospects of being confirmed due to a combination of Republican absences and opposition to her installation to the central bank.

On a 47-50 vote, Democrats and two Republican senators filibustered Shelton’s nomination to the Fed. Senate Majority Leader Mitch McConnell (R-Ky.) voted against moving her forward; a procedural move that allows him to bring up Shelton’s nomination at another time.

We need a reliable Federal Reserve to help manage our economy in this pandemic.

Judy Shelton’s dangerous ideas would devastate our economy, and her lack of commitment to using the full force of the Fed to provide COVID-19 relief is unacceptable.

I voted no on her nomination.

— Kamala Harris (@SenKamalaHarris) November 17, 2020

“Shelton is a demonstrably unqualified partisan quack who has no business working at the world’s most powerful central bank. Her nomination has been condemned by 100’s of economists and Fed alumni, including prominent Republicans and 7 Nobel laureates.” https://t.co/UdhDqk6mMe

— Ken Dilanian (@KenDilanianNBC) November 17, 2020