Sen. Susan Collins (R., Maine) said Monday she would join Sen. Mitt Romney (R., Utah) in opposing the nomination of economist Judy Shelton to the Federal Reserve’s board of governors. President Trump formally nominated his former economic adviser to a seat on the seven-member board earlier this year, and her candidacy cleared a significant hurdle last week on a party-line vote in the Senate Banking Committee. Republicans have...

Source: Wall Street Journal July 27, 2020 17:40 UTC