Senate Majority Leader
McConnell’s action on Waller’s nomination Monday could clear the way for his confirmation later this week. He took no steps to try again to advance Shelton, a former economic adviser to President
That leaves McConnell a narrowing window of time for action on Shelton, given that Republicans will lose a vote if Arizona Democratic Senator-elect
Waller is research director at the Federal Reserve Bank of St. Louis, and his nomination and Shelton’s were advanced by the Senate Banking Committee to the Senate floor in July. While Shelton drew criticism from some Republicans as well as Democrats, Waller’s nomination hasn’t generated strong public opposition.
Kelly, who defeated Republican Senator
“The question on the Shelton nomination is ultimately a decision the leader will have to make, but it will probably be predicated on attendance for one and whether or not we have the votes,” Thune said.
If every senator shows up and votes as expected and McConnell calls the vote before Kelly is seated, Shelton would have just enough votes to get confirmed 51-50 with Vice President
A vote to advance her nomination was blocked Nov. 17 on a 47-50 vote, because Republican Senators
Shelton, 66, a former informal adviser to Trump, was long known for her advocacy of a return to the gold standard, ultra-hawkish views on inflation and opposition to federal deposit insurance. She provoked further controversy and opposition by abandoning those positions and calling for interest-rate cuts to align herself with Trump as she emerged as a candidate for a Fed post.
She has also questioned the relevance of the Fed’s dual mandate, set by Congress, to pursue maximum employment and price stability.
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