Judy Shelton’s nomination to the Federal Reserve isn’t dead yet. In fact, it’s showing new signs of life
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Sen. John Kennedy is also undecided and Republicans have only a one-seat advantage on the committee. But with Sen. Elizabeth Warren , a member of the committee running for president and generally on the road, Shelton could in theory pass through committee with even a Republican “no” vote and still maintain a favorable recommendation.
That would put her on track for a floor vote after President Donald Trump’s disastrous attempts to nominate Herman Cain and Stephen Moore to the central bank. The White House denied reports that Shelton would be withdrawn several weeks ago. A second Fed nominee, Christopher Waller, is expected to be confirmed much more easily.
That could offer a window of opportunity for Senate Republicans to confirm Shelton, who seems unlikely to get any Democratic votes. Nominees need only a simple majority to be confirmed on the Senate floor, meaning Republicans could lose a couple of their members and still be able to confirm Shelton.
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