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Murkowski to back Trump's Fed nominee Judy Shelton

Murkowski to back Trump's Fed nominee Judy Shelton
© Greg Nash

Sen. Lisa MurkowskiLisa Ann MurkowskiSenate rejects Sanders minimum wage hike The Hill's Morning Report - Presented by Facebook - Virus relief bill headed for weekend vote Hillicon Valley: YouTube to restore Trump's account | House-passed election bill takes aim at foreign interference | Senators introduce legislation to create international tech partnerships MORE (R-Alaska), a pivotal moderate Republican vote, says she will vote to confirm Judy Shelton, President TrumpDonald TrumpTrump announces new tranche of endorsements DeSantis, Pence tied in 2024 Republican poll Lawmakers demand changes after National Guard troops at Capitol sickened from tainted food MORE’s controversial nominee to the Federal Reserve.

“I’ve had an opportunity to talk to Judy Shelton and I’m going to be supporting her,” Murkowski told reporters Thursday afternoon.

Murkowski’s support signals that Shelton will have enough votes to secure confirmation when GOP leaders bring her to the Senate floor, which could be as soon as next week.

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GOP Sens. Susan CollinsSusan Margaret CollinsSenate rejects Sanders minimum wage hike Murkowski votes with Senate panel to advance Haaland nomination OVERNIGHT ENERGY: Interior reverses Trump policy that it says restricted science | Collins to back Haaland's Interior nomination | Republicans press Biden environment nominee on Obama-era policy MORE (Maine) and Mitt RomneyWillard (Mitt) Mitt RomneyDemocratic centrists flex power on Biden legislation Ron Johnson grinds Senate to halt, irritating many Romney's TRUST Act is a Trojan Horse to cut seniors' benefits MORE (Utah) have announced their opposition to Shelton.

Shelton’s nomination has run a tortuous path through the upper chamber as GOP lawmakers have raised concern over her past support for returning to the gold standard and using monetary policy and inflation to make American exports more competitive.

Her past GOP critics, including Sen. Pat ToomeyPatrick (Pat) Joseph ToomeySasse rebuked by Nebraska Republican Party over impeachment vote Philly GOP commissioner on censures: 'I would suggest they censure Republican elected officials who are lying' Toomey censured by several Pennsylvania county GOP committees over impeachment vote MORE (Pa.), the incoming chairman of the Senate Banking Committee, softened their stances and announced their support after Shelton backed away from her earlier statements on the gold standard and publicly agreed that the Fed’s policymaking power is limited.

Romney, however, told The Hill on Thursday afternoon he remains opposed to Shelton joining the Fed.