US Senate blocks confirmation of Trump Fed nominee Shelton

Judy Shelton had advocated a return to the ‘gold standard’ and criticised the Fed’s independence in monetary policy

United States President Donald Trump’s unconventional nominee to the Federal Reserve, Judy Shelton, has run into opposition from Republican senators [File: J. Scott Applewhite/AP Photo]
(Aljazeera News) – The United States Senate blocked President Donald Trump’s controversial nomination of Judy Shelton to the board of the US Federal Reserve, making her the latest in a string of failed nominees to the central bank.

Trump’s Republican Party has a 53-47 majority in the current Senate, but several Republicans opposed Shelton’s nomination and two were absent due to exposure to COVID-19.

Shelton’s nomination failed 47 to 50 on a key procedural vote, with three Republicans joining Democrats in voting ‘no’.

Senate Majority Leader Mitch McConnell indicated he may move to bring the nomination back to a vote later if Republicans can rally their members.

Democratic leaders had asked Senator Kamala Harris, who as Vice President-elect has been working with President-elect Joe Biden in Wilmington, Delaware, to return to Washington for the vote on Shelton. As vice president beginning on January 20, Harris would be the tie-breaker in any 50-50 Senate vote.

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