Republican cautions against blocking Yellen’s Fed nomination

Posted by admin | Posted in Politics | Posted on 31-10-2013-05-2008

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Yellen, nominee to be the next chairperson of the U.S. Federal Reserve, sits down to a meeting with Senate Banking Committee member Senator Shelby in his office on Capitol Hill in WashingtonA senior Republican on the Senate Banking Committee said on Thursday he would oppose efforts to block the nomination of Janet Yellen as Federal Reserve chairwoman with a filibuster unless some disturbing disclosure emerged. "I don't think I would filibuster a Fed nominee unless something came up that was just horrible," Alabama Senator Richard Shelby told Reuters Insider. "But that doesn't mean I won't speak against them, vote against them, work against them." Shelby's sentiments are important because Democrats would need to pick up only five Republican votes to clear procedural hurdles to bring Yellen's nomination to a vote in the Senate where confirmation needs only a simple majority. "I don't believe we have ever filibustered a Fed chairman," Shelby said shortly after meeting with Yellen for about 40 minutes.

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