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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 confirms Radhika Fox to lead EPA's water office Democrat presses Haaland on oil and gas review Hundreds in West Virginia protest Manchin's opposition to voting rights legislation MORE (R-Alaska), a pivotal moderate Republican vote, says she will vote to confirm Judy Shelton, President TrumpDonald TrumpChinese apps could face subpoenas, bans under Biden executive order: report Kim says North Korea needs to be 'prepared' for 'confrontation' with US Ex-Colorado GOP chair accused of stealing more than 0K from pro-Trump PAC 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 confirms Radhika Fox to lead EPA's water office Pelosi says she's giving Senate more time on Jan. 6 commission Overnight Energy: Schumer to trigger reconciliation process Wednesday | Bipartisan bill would ban 'forever chemicals' in cosmetics | Biden admin eyes step toward Trump-era proposal for uranium reserve MORE (Maine) and Mitt RomneyWillard (Mitt) Mitt RomneyThe Hill's Morning Report - After high-stakes Biden-Putin summit, what now? China's genocide must be stopped How Biden can get the infrastructure bill through Congress 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 ToomeyBlack women look to build upon gains in coming elections Watch live: GOP senators present new infrastructure proposal Sasse rebuked by Nebraska Republican Party 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.