Shelton and Waller reach final stage of Fed nomination process

Judy Shelton senate hearing
Senate Banking Committee

Federal Reserve Board nominee Judy Shelton received just enough votes from Senators on July 21 to advance to the final stage of her nomination process.

The Trump administration nominee received backing from all 13 Republican senators on the Committee on Banking, Housing and Urban Affairs. None of the 12 Democrat senators voted in her favour.

Ranking member Sherrod Brown, a Democrat, strongly criticised Shelton, who most recently served as executive director at the European Bank for

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