Economics
Shelton Gets a Key Senator’s ‘Yes’ on Fed Seat Hours Before Vote
- Louisiana’s Kennedy says he’ll back Trump’s controversial pick
- St. Louis Fed’s Waller expected to receive bipartisan backing
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Judy Shelton, President Donald Trump’s controversial pick to join the Federal Reserve’s Board of Governors, was poised to clear a key hurdle to confirmation after a key Republican senator said he’d vote in her favor.
Louisiana Senator John Kennedy said Monday he would back Shelton, removing much of the suspense from a vote scheduled for Tuesday in the Senate Banking Committee.