“The Senate on Tuesday narrowly voted to block the confirmation of Judy Shelton, President Donald Trump’s controversial pick to join the Federal Reserve’s seven-member board of governors. In a procedural vote on whether to end debate on Shelton’s nomination and move along to the confirmation vote, all Democrats voted no as well as three Republican senators: Mitch McConnell of Kentucky, Susan Collins of Maine and Mitt Romney of Utah. McConnell’s vote against Shelton gives him the option to bring her nomination up again at a later date. Three Republican senators were absent and therefore unable to vote. Chuck Grassley of Iowa and Rick Scott of Florida were self-quarantining after they announced they were exposed to the coronavirus, and Lamar Alexander of Tennessee was out for family matters, according to his office. Shelton, who advised Trump’s 2016 presidential run, has been an outspoken opponent of the Federal Reserve as an institution. Her critics have questioned whether Shelton would support the central banking system’s independence from the White House. In a statement released ahead of the vote, Senate Minority Leader Chuck Schumer (디-뉴.) called Shelton “without a doubt, one of the least qualified nominees I have ever seen for our nation’s central bank.” “Ms. Shelton has shown herself to be an economic weathervane, pointing whichever direction she believes the partisan winds are blowing,” Schumer said in his statement. ASSOCIATED PRESS President Donald Trump’s nominee to the Federal Reserve, Judy Shelton, appears before the Senate Banking Committee for a confirmation hearing, on Capitol Hill in Washington, Thursday, Feb. 13, 2020. (AP Photo/J. Scott Applewhite) Shelton made her career working with right-wing organizations including the Atlas Foundation and the Hoover Institution, where she criticized the very existence of the Federal Reserve and advocated a return to the gold standard ― the monetary system from the late 19th century that was abandoned during the Great Depression. In a Financial Times interview from May 2019, she claimed the Fed exercises Soviet control over financial markets and dismissed the very idea that its top officials could perform their jobs effectively. “How can a dozen, slightly less than a dozen, people meeting eight times a year, decide what the cost of capital should be?” Shelton asked. “We might as well resurrect Gosplan,” the USSR’s economic planning committee. Shelton has also opposed the government guarantee on bank deposits — a program initiated under President Franklin Delano Roosevelt that ensures that ordinary citizens don’t lose their money if their bank should fail. During the early years of the Great Depression, millions of Americans lost their savings through no fault of their own when their banks failed. During the crisis of 2008, nobody did. Shelton’s views have made her a doyen of the far-right fringe, where a return to 19th century economic institutions is viewed as the cure for all that ails the global economy. But those same ideas have alarmed mainstream economists and financial professionals who believe such programs fueled the Depression and would generate international economic chaos today. Shelton is also viewed even within her own party as a partisan opportunist. After advocating the gold standard and voicing support for high interest rates, she quickly reversed course once Trump announced his intention to nominate her to the Fed. Trump is an outspoken advocate of low interest rates, believing them to be a source of economic growth. And prior to the COVID-19 pandemic, the Fed’s commitment to low rates proved an economic boon, helping to drive unemployment to its lowest levels in decades. With Trump in the White House, Shelton insisted she wanted to keep rates low and distanced herself from her prior comments about the gold standard and deposit insurance. The fear ― shared by liberal Democrats and otherwise conservative stalwarts in the financial sector alike ― is that Shelton would have encouraged economic contraction under a Democratic president, a scenario that would be bad for Democrats and also bad for bank profits, even as it would spur business failures and corporate concentration. Igor Bobic contributed reporting. 발전하는 이야기입니다. 업데이트를 다시 확인하세요..
푸에르토리코는 조지아에서 Jon Ossoff의 상원 경선에서 인화점이 됩니다.
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["게티 이미지 전 대표. 루이스 구티에레스 (NS), 오른쪽에, 푸에르토리코의 자결에 대한 확신이 있을 때까지 조지아 민주당원인 Jon Ossoff의 상원 캠페인에서 그의 지지를 철회했습니다.. 전 대표. 루이스 구티에르...
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["애틀랜타 (AP) — 두 미국 중 한 곳의 후보자. 여전히 균형에 매달려 있는 상원 의석은 조지아 이외의 지역에서 큰 관심을 끌고 있는 토론에서 직면하게 될 것입니다.. 그 자리는 현직 공화당 의원이 보유하고 있기 때문입니다...
트럼프의 '바보’ 정부. 켐프 콜 '범죄 경계': 해리 리드 전 상원 원내대표
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오바마 "조지아 상원 결선투표, 바이든 대통령 당선 여부 결정할 것"
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Federal Judge Rejects Trump Rules Limiting Foreign Worker Visas
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["CHICAGO (AP) — A federal judge on Tuesday struck down two Trump administration rules designed to drastically curtail the number of visas issued each year to skilled foreign workers. The changes applying to the H-1B ...
Supreme Court Blocks New York COVID-19 Restrictions On Religious Gatherings
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["워싱턴 (로이터) - 미국. Supreme Court late on Wednesday backed Christian and Jewish houses of worship challenging New York state’s latest restrictions in novel coronavirus hot spots. The court on a 5-4 vote ...
Dianne Feinstein Won’t Seek Senate Judiciary Leadership After Backlash
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["그것의. Dianne Feinstein (Calif.) said Monday that she will not seek a leadership position in any of the chamber’s committees next year, including the coveted Senate Judiciary Committee where she currently serves as th...
Minn. GOP State Senate Warns Only Republicans Of COVID Outbreak
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["Observers were stunned this week when Minnesota GOP legislative officials urgently warned only Republicans about a serious COVID-19 outbreak in the State Senate. No one said a word to Democratic politicians or staff...