...Senate Republican sources expect to withdraw his nomination of Judy Shelton to serve on the Federal Reserve Board following bipartisan resistance on Capitol Hill.
...If Shelton pulls out, she would would be Trump's third Fed nominee derailed by Senate Republican opposition, and the fifth overall, counting informal picks as well.
...Shelton, a former Trump campaign adviser, was nominated to the Fed in January after the president first announced his intent to appoint her in July.
...In addition to derailing Cain and Moore before they could be nominated, Senate Republicans spiked two of Trump's other Fed nominees.
...Trump announced in May that he would not follow through on his intention to put Moore on the Fed after it became clear he did not have enough votes to win confirmation.
Submitted 6 days ago