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  • are there.

  • Any member of the U.

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  • Senate on Tuesday blocked President Donald Trump's nomination of Judy Shelton to the board of the Federal Reserve, making her the latest in a string of failed nominees to the central bank.

  • The motion is not agreed to.

  • Trump's party has a majority in the current Senate, but was left short of enough votes to confirm Shelton after Covad 19 exposure forced to Republicans into quarantine.

  • And Republican Senators Mitt Romney and Susan Collins joined Democrats in voting no.

  • Meanwhile, Vice President elect Kamala Harris vote made the difference for Democrats.

  • She traveled to Washington from Delaware, where she was working with the bite and transition team, the Yays, or 47.

  • The vote was 47 to 50 with Senate Majority Leader Mitch McConnell voting no to preserve the option to reconsider later.

  • The Kentucky senator's plans to confirm Shelton were complicated Tuesday morning when Iowa Senator Chuck Grassley announced he would be in quarantine after exposure to someone who tested positive for COVE in 19, joining Senator Rick Scott of Florida, who is also in quarantine.

  • Both Republicans were expected to back Shelton policy, whose nomination has been controversial from the start.

  • We don't know who were nominating to the Federal Reserve.

  • Shelton has in the past argued the nation would be better off returning to the gold standard.

  • But when she faced the Senate at a hearing in February, she backtracked.

  • I would not advocate going back to a prior historical monetary arrangement.

  • I think it's really important to acknowledge that the power to regulate the value of US money is given to Congress by our Constitution.

  • Shelton's views on interest rates have moved in lockstep with Trump's criticizing easy money before Trump took office but supporting it after she has also expressed skepticism over the feds need to set policy independently from the president and Congress.

  • Shelton joins other Trump Fed nominees that I failed to be confirmed, including former Republican presidential candidate Herman Cain, who later died of Cove in 19.

  • The White House, though Tuesday said it's standing by its nominee and that it expects the U.

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B2 shelton senate trump senator quarantine federal reserve

Senate blocks confirmation of Trump Fed pick

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    林宜悉 posted on 2020/11/19
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