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US Senate blocks confirmation of Donald Trump's Federal Reserve nominee

Trump's Republican Party has a 53-47 majority in the current Senate, but several Republicans opposed Shelton's nomination and two were absent due to exposure to Covid-19

President Donald Trump speaks at the White House, Thursday, Nov. 5, 2020, in Washington. (AP Photo/Evan Vucci)
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Shelton’s nomination failed 47 to 50 on a key procedural vote, with three Republicans joining Democrats in voting ‘no’

Business Standard
The United States Senate blocked President Donald Trump’s controversial nomination of Judy Shelton to the board of the US 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 Republicans opposed Shelton’s nomination and two were absent due to exposure to Covid-19.

Shelton’s nomination failed 47 to 50 on a key procedural vote, with three Republicans joining Democrats in voting ‘no’.

Senate Majority Leader Mitch McConnell indicated he may move to bring the nomination back to a vote later if Republicans can rally their

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