Judy Shelton, a controversial nominee for the Federal Reserve’s policy-making board, was approved by the Senate Banking committee along party lines. Her nomination now moves on to the full Senate, where she is generally expected to be approved. Senate Majority Leader Mitch McConnell is likely to move the vote along quickly.
All 12 of the Democrats on the banking panel signed a letter to the committee’s chairman, Sen. Mike Crapo (R., Idaho), this month asking for a new hearing.
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