Opponents of Ms. Shelton’s nomination say confirming her would place the Fed at risk of politicization while it tried to rescue the pandemic-hit economy. While her nomination seemed shaky in the wake of her mid-February Banking Committee hearing, Republican opposition has slowly crumbled. Senators Patrick J. Toomey of Pennsylvania, Richard C. Shelby of Alabama and John Kennedy of Louisiana were initially skeptical. Mr. Toomey has since said she allayed his concerns, and Mr. Shelby has said he will go along with his Republican colleagues. While Mr. Kennedy has not publicly made up his mind, many analysts saw the scheduling of the vote as a sign of his likely support.

Source: International New York Times July 19, 2020 20:26 UTC