Quote of the Day: Crackpot Having a Hard Time Getting Confirmed to Fed

Stefani Reynolds/CNP via ZUMA

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From Sen. John Kennedy, after a confirmation hearing this morning for Judy Shelton:

Nobody wants anybody on the Federal Reserve that has a fatal attraction to nutty ideas.

I’m not so sure about that. Shelton is a crackpot and a partisan hack, but there are still plenty of Republicans who are apparently unconcerned about giving her a Fed seat.

But that’s business as usual. What’s not usual is that there are actually a few Republican senators who are uncomfortable with Shelton and may block her confirmation. If that happens, she’d be the fifth Trump Fed nomination to fail even though Republicans control the Senate.

What this means is that Republicans are willing to confirm practically anyone Trump nominates for anything except for seats on the Fed. For some reason, a few of them still take that seriously. Why?

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Mother Jones was founded to do journalism differently. We stand for justice and democracy. We reject false equivalence. We go after stories others don’t. We’re a nonprofit newsroom, because the kind of truth-telling investigations we do doesn’t happen under corporate ownership.

And the essential ingredient that makes all this possible? Readers like you.

It’s reader support that enables Mother Jones to devote the time and resources to report the facts that are too difficult, expensive, or inconvenient for other news outlets to uncover. Please help with a donation today if you can—even a few bucks will make a real difference. A monthly gift would be incredible.

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