Republicans expect Trump to withdraw controversial Fed nominee

The Hill logoSenate 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.