Shelton Fed Bid Likely Doomed With Senate’s Holiday Departure
- Republican majority will shrink next month, raising new bar
- Pandemic, political calendar worked against Trump’s nominee
Judy Shelton’s odds of getting confirmed are plummeting.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Judy Shelton’s chance of getting confirmed to the Federal Reserve Board was left hanging by a fraying thread after the Senate left Washington Wednesday for a holiday recess without planning another vote on her nomination.
President Donald Trump’s pick of the controversial economist ran into bipartisan resistance, the political calendar and the pandemic, leaving her with little chance of confirmation before a new Congress and a new president take over next year.