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Trump’s pro-gold nominee moves closer to landing Fed seat Judy Shelton, whose nomination by Trump has faced months of delays, was approved Tuesday by the Senate Banking Committee on a party-line vote.
Judy Shelton Judy Shelton appears before the Senate Banking Committee for a confirmation hearing in February. | J. Scott Applewhite/AP Photo
By VICTORIA GUIDA
07/21/2020 03:26 PM EDT
Facebook Twitter Link More Judy Shelton, the controversial Federal Reserve nominee who long advocated for a return to the gold standard and once questioned the basis for the Fed’s independence from political influence, is one step closer to a seat on the central bank’s board.
Shelton, whose nomination by President Donald Trump has faced months of delays because of skepticism from key Republicans, was approved Tuesday by the Senate Banking Committee on a party-line vote. She must now face a vote before the full chamber.
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