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Fed nominee Shelton doesn't yet have Senate support, Thune says

From reuters.com

Judy Shelton, U.S. President Donald Trump’s controversial pick to serve on the Federal Reserve’s interest-rate-setting panel, does not currently have the votes to win confirmation in the U.S. Senate, Republican Senator John Thune said Tuesday. Thune is the Senate’s majority whip, whose job is to keep track of how fellow Republicans will vote on any given issue. “We’re still working it,” Thune told reporters at the U.S. Capitol, when asked if Shelton has the votes needed. “She’s a priority for the White House. It’s the Federal Reserve. It’s important. So, obviously, we want to get it done. But we’re not going to bring ... (full story)

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  • Category: Fundamental Analysis