by Mike ‘Mish’ Shedlock
President Trump’s two Federal Reserve nominees, including the hot-button pick Judy Shelton, will proceed to a vote in the full Senate.
The New York Times reports Shelton Clears Senate Committee, Moving Closer to Fed Board.
Judy Shelton, an unorthodox economist with close ties to the Trump administration, moved a step closer to a seat on the Federal Reserve Board after the Senate Banking Committee voted along party lines on Tuesday to advance her nomination to the full Senate.
Ms. Shelton moved forward along with Christopher Waller, who is research director at the Federal Reserve Bank of St. Louis and a more conventional pick. If they are confirmed by simple majority votes in the Senate, Ms. Shelton and Mr. Waller will fill the two empty seats on the Fed’s seven-member board in Washington.