“There are a lot of questions about her," said Sen. Richard C. Shelby (R-Ala.), a senior member of the Senate Banking Committee which has to approve Fed nominations. Democrats on the Senate Banking Committee are likely to vote against Shelton. pic.twitter.com/RkJLgL4FMz — Sen. Kevin Cramer (@SenKevinCramer) February 4, 2020Sen. Thom Tillis (R-N.C.), another Banking Committee member, also anticipated a lively confirmation hearing. Waller, the other Fed nominee to go before the Senate Banking Committee next week, has spent the past decade as an economist and research director at the St. Louis Fed, one of the regional Fed banks. Bank lobbyists said pairing Waller and Shelton together was a shrewd move by the White House that could help ease Shelton’s confirmation.

Source: Washington Post February 06, 2020 18:11 UTC