‘Serious concerns’: Collins is second GOP senator to oppose Trump Fed pick

With the expected opposition of all 47 Democratic senators, just four Republicans could derail Donald Trump’s pick to fill an open Federal Reserve board position.

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So far, two have signaled they will oppose Judy Shelton’s nomination. First, Sen. Mitt Romney, R-Utah, said last week not only that he could not “endorse” her, but that he intended to vote against her.

Sen. Susan Collins, R-Maine, echoed that sentiment in a statement on Monday.

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“I have serious concerns about this nomination,” she said. “Ms. Shelton has openly called for the Federal Reserve to be less independent of the political branches, and has even questioned the need for a central bank.”

Collins went on to say that endorsing such a nominee “is not the right signal to send, particularly in the midst of the pandemic,” confirming her intention to also “vote against her nomination if it reaches the floor.”



Categories: Nation, Politics

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