Trump getting ‘more and more happy’ with Fed’s Jerome Powell
President Trump, in a wide-ranging exclusive interview with FOX Business’ Blake Burman, says Federal Reserve Chair Jerome Powell has done a good job and stepped up to the plate in the last six months.
Sen. Mitt Romney, R-Utah, plans to vote against confirming President Trump's choice of Judy Shelton for the Federal Reserve board of governors, Fox News has learned.
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A spokesperson for Romney said the Utah lawmaker will vote no on the confirmation of Shelton – leaving the controversial pick with slim margin toward being confirmed as she is opposed by all 47 Democrats in the Senate.
Romney – a fierce critic of the Trump administration on a number of matters – has expressed his worries about Shelton’s past support for linking the value of the dollar to gold, along with her inconsistent stances on the Fed interest rates.
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Earlier this week, Shelton won the approval of the Senate Banking Committee on a party-line vote despite questions about her qualifications for the Fed.
Committee Chairman Sen. Mike Crapo, Republican of Idaho, said that Shelton had reassured him and other GOP senators that she recognizes the Federal Reserve's independence from the rest of the government and also supports insuring bank deposits — widely accepted policies that she had previously questioned.
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