Senate Republican sources expect President Trump to withdraw his nomination of Judy Shelton to serve on the Federal Reserve Board following bipartisan resistance on Capitol Hill.
The White House has not made a final decision, since Trump would first need to sign off on the reversal, but Republican sources say it would be “desirable” for her to withdraw from consideration and that her nomination is “trending” in that direction.
“She’s being pulled,” said a Republican senator. Continue reading.
Okay, she’s bad. But hopefully she won’t be that bad.
Such is the damningly faint praise Senate Republicans have offered President Trump’s latest unfit nominee for the Federal Reserve Board, Judy Shelton, ahead of her confirmation hearing Thursday.
To be clear: As these senators are aware, there are many reasons why this goldbug and Trump economic adviser would, in fact, be that bad. First and foremost is that she threatens the Fed’s political independence, which is necessary for the central bank to function effectively. Continue reading.
