Author Topic: Senate blocks confirmation of Trump Fed nominee Shelton  (Read 237 times)

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Offline Hoodat

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Senate blocks confirmation of Trump Fed nominee Shelton
« on: November 17, 2020, 09:45:29 pm »
Senate blocks confirmation of Trump Fed nominee Shelton

Reuters Staff   |  November 17, 2020   3:41 PM


(Reuters) - The U.S. 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.

Trump’s Republican Party has a 53-47 majority in the current Senate, but several were absent, including two who were quarantining due to exposure to COVID-19, and others joined Democrats in voting ‘no’ in the so-called cloture vote.

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

Shelton, an adviser to Trump’s 2016 presidential campaign who has argued the nation would be better off returning to the gold standard, as recently as 2017 criticized the Fed’s power over money and financial markets as “quite unhealthy.” During her Senate confirmation process, she called the Fed’s bond-buying and zero rates in the last crisis “extreme.”

https://www.reuters.com/article/usa-fed-shelton/update-1-u-s-senate-blocks-confirmation-of-trump-fed-nominee-shelton-idUSL1N2I32GD



The Establishment wins another one.  I would like to know who the GOP sellouts were.
If a political party does not have its foundation in the determination to advance a cause that is right and that is moral, then it is not a political party; it is merely a conspiracy to seize power.

-Dwight Eisenhower-