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Shelton’s Fed Vote Tightens Further as GOP’s Grassley Sits Out

  • Shelton is a controversial pick drawing bipartisan opposition
  • Confirmation would fill a Fed governor term expiring in 2024
Judy Shelton told Bloomberg Businessweek in 2019, “I would welcome the chance to challenge the status quo at the Fed.”

Judy Shelton told Bloomberg Businessweek in 2019, “I would welcome the chance to challenge the status quo at the Fed.”

Photographer: Andrew Harrer/Bloomberg
Updated on

Barring a surprise on Capitol Hill, the Federal Reserve’s Board of Governors is about to get its most controversial and contentious new member in decades.

The U.S. Senate is set to vote on a procedural motion Tuesday that would clear the way for a confirmation vote on President Donald Trump’s Fed nominee, Judy Shelton, though her already thin margin of support has gotten even narrower. Republican Senator Chuck Grassley has entered quarantine after exposure to someone who tested positive for Covid-19. If Shelton passes the procedural hurdle, the second vote could come as soon as later on Tuesday.