Economics
Trump Nominee Judy Shelton Moves a Big Step Closer to Joining Fed Board
- Senate Bank Committee approves Shelton, Waller nominations
- Some see Shelton as chair-in-waiting in a second Trump term
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Judy Shelton, President Donald Trump’s contentious pick for the Federal Reserve’s Board of Governors, cleared a key hurdle to confirmation by winning the approval of a majority on the Senate Banking Committee.
She was backed in a party-line vote Tuesday, 13-12. The committee also voted in favor of Fed nominee Christopher Waller, currently director of research at the St. Louis Fed. His nomination passed 18-7.