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Senate Panel Advances Goodfriend’s Fed Nomination by Thinnest Margin

  • Republican Paul says he won’t support Goodfriend in final vote
  • Party-line committee decision signals deep Democrat opposition
Marvin Goodfriend
Marvin GoodfriendPhotographer: Andrew Harrer/Bloomberg
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The chances that President Donald Trump’s nominee for the Federal Reserve Board, Marvin Goodfriend, will get confirmed in the U.S. Senate took two big hits on Wednesday.

The Senate Banking Committee narrowly approved the nomination along party lines, 13-12. That signaled Democrats will vote in force against the Carnegie Mellon professor in a vote before the full chamber, leaving little room for Republican defections.