Controversial Fed Nominee Set To Prevail In Senate Confirmation Vote This Week

David Bradbury, president of the Vermont Center for Emerging Technologies, says the arrival of high-wage, remote workers is good for rural economies.

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After languishing for more than a year, Judy Shelton’s controversial nomination to the Federal Reserve’s board of governors appears poised for Senate confirmation in the final weeks of the Trump administration.

Senate Majority Leader Mitch McConnell moved to hold a vote sometime this week after Sen. Lisa Murkowski, R-Alaska, signaled her support for the nominee. Shelton has attracted great scrutiny over views that place her well outside of the economic mainstream.

Shelton, who served as an adviser to President Trump’s 2016 campaign, is expected to be confirmed on a slim majority of 51 votes, prevailing over the opposition of Senate Democrats and two Republican critics.