For months, Shelton's nomination lacked enough support for a full floor vote, even after the Senate Banking Committee approved her 13-12 along party lines in July. In September, Sen. John Thune, the Republican whip, told reporters Shelton didn't have the votesBut on Thursday, Republican Senator Lisa Murkowski indicated she would support Shelton's nomination, all but guaranteeing her confirmation. If Shelton is confirmed, Trump will have filled five of the the seven governor seats on the Fed's board. The Senate will also vote on the less contentious nomination of Christopher Waller as a Fed governor. Waller, currently the director of research at the St. Louis Fed, is considered a more conventional choice for the central bank.

Source: CNN November 13, 2020 17:34 UTC