Rubio Statement on Shelton Nomination

Statement

U.S. Senator Marco Rubio (R-FL) released the following statement after the Senate failed to invoke cloture on the confirmation of Judy Shelton to be a Member of the Board of Governors of the Federal Reserve System:

"The Federal Reserve plays too much of a role shaping our economy. I believe Judy Shelton shares my belief that relying on the Federal Reserve to boost asset prices is no substitute for a strong American economy," Rubio said. "I also believe she appreciates the risks to our financial system posed by China, and is concerned about the financialization of our economy. And I believe the Board of Governors would benefit from having somebody who is aware of these issues and vocalizes them in their deliberations. For those reasons, I voted to advance her nomination."

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