Economics

GOP’s Shelby Says He Could Support Shelton for Fed Board

Richard ShelbyPhotographer: Andrew Harrer/Bloomberg
Lock
This article is for subscribers only.

Republican Senator Richard Shelby signaled he may support President Donald Trump’s nomination of Judy Shelton for the Federal Reserve Board despite reservations about the controversial nominee.

Shelby’s support for Shelton in the Senate Banking Committee would remove one major obstacle to her nomination getting a vote on the floor of the Republican-controlled Senate.