February 13, 2020

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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Investigative journalism, like the story you just read, takes time to do. Months of research. Weeks of writing, editing, and fact checking—and putting together the photography, art, video, and audio that tell the stories in a new way, illuminating new perspectives and voices

We can afford to take that time because we don’t report to an oligarch or corporation with a special agenda. We report to you, and for you. That’s why we unabashedly pursue the truth and relentlessly shine a light into the darkness.

In this month’s Summer Membership Drive, we’ve got to raise $200,000 to support more crucial investigations. This is a pivotal moment in our nation, with democracy on the line, and we can only do this work because readers like you step up. Every donation, of any amount, makes a difference here. We cannot do this work without you.

So, we’re asking: Will you support independent journalism that demands those in power answer for their actions?

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