Collins Is Second Republican to Oppose Shelton for the Fed
- Choice would be blocked if two more GOP senators oppose her
- Shelton has called for a less independent Fed, Collins says
Senator Susan Collins
Photographer: Al Drago/BloombergThis article is for subscribers only.
Maine’s Susan Collins became the second Republican senator to announce opposition to President Donald Trump’s nomination of economist Judy Shelton to the Federal Reserve’s Board of Governors.
“Ms. Shelton has openly called for the Federal Reserve to be less independent of the political branches, and has even questioned the need for a central bank,” Collins said in a statement Monday. “This is not the right signal to send, particularly in the midst of the pandemic, and for that reason, I intend to vote against her nomination if it reaches the floor.”