Senate panel now likely to back questionable Trump Fed pick

WASHINGTON (AP) — In a shift, the Senate Banking Committee is likely to back President Donald Trump’s unconventional nomination of Judy Shelton for the Federal Reserve’s Board of Governors in a party-line vote Tuesday. The committee’s support would move Shelton’s nomination to the full Senate, which would have until the end of the year to confirm or reject it. Late Monday, Sen. John Kennedy, Republican of Louisiana, said he would support Shelton’s nomination,