Second Republican senator will vote against Fed nominee Shelton

Section:

By Lindsay Dunsmuir
Reuters
Monday, July 27, 2020

WASHINGTON -- U.S. Sen. Susan Collins today became the second Republican to come out against the nomination of Judy Shelton, President Donald Trump's latest pick to join the powerful Federal Reserve board.

"Ms. Shelton has openly called for the Federal Reserve to be less independent of the political branches, and has even questioned the need for a central bank," Collins, a moderate who faces a tough re-election fight in Maine, said in a written statement.

"This is not the right signal to send, particularly in the midst of the pandemic, and for that reason, I intend to vote against her nomination if it reaches the floor." ...

... For the remainder of the report:

https://www.reuters.com/article/us-usa-fed-shelton/second-u-s-republican...


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