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Shelton’s Progress Toward the Fed Has Caused a Fuss. Here’s Why

  • Past policy views and recent flip-flops raise worries
  • Shelton’s chances to be Fed chair seen as biggest threat
Judy Shelton
Judy SheltonPhotographer: Andrew Harrer/Bloomberg

Judy Shelton is inspiring no shortage of fear in Washington right now, at least in certain circles.

The libertarian think-tank veteran moved a step closer to joining the Federal Reserve’s Board of Governors when the Senate Banking Committee on Tuesday approved her nomination to that post by President Donald Trump. Unless four Republicans emerge to oppose her confirmation when it reaches the full Senate, she will soon have a seat, and a vote, on one of the world’s most powerful policy making bodies.