On Tuesday, Republican senators Mitt Romney and Susan Collins joined with Senate Democrats to block Judy Shelton’s nomination to the Federal Reserve.
Romney explained his “no” vote in a statement: “In the midst of uncertain economic times, it’s important that individuals serving on the Federal Reserve possess consistent and sound judgment. Ms. Shelton has a history of extreme and volatile positions on monetary policy – including past support for global currencies, an open border with Mexico, and a return to the gold standard – and thus I do not believe she is well-suited to serve in this position.”
The vote to cut off debate on Shelton’s nomination fell short due to the absences of a few GOP senators, and Majority Leader Mitch McConnell could bring it up for another vote.
A National Review editorial made the case against Shelton’s confirmation.