WASHINGTON — One of President Donald Trump’s latest picks for the Federal Reserve, economic commentator Judy Shelton, has amassed a spotty attendance record on the board of the European development bank where she serves as U.S. envoy.
Shelton missed 11 of 26 board meetings, or 42%, of the European Bank for Reconstruction and Development, or EBRD, in her first year as the U.S. representative, according to minutes of the meetings. That is a greater share than her predecessor and all but two of the bank’s 23 current directors.
Her U.S. predecessor at the bank, Obama administration appointee Scott Allen, missed four of the board’s 27 meetings, or 15%, during his tenure, which lasted a bit longer than a year.
Trump said July 2 he planned to nominate Shelton and St. Louis Fed research director Christopher Waller to fill two vacancies on the Fed’s seven-member board of governors. Analysts said then the two candidates likely stood a better chance of winning Senate confirmation than two of the president’s earlier Fed picks — conservative pundit Stephen Moore and past Republican presidential candidate Herman Cain — who withdrew from consideration earlier this year after GOP lawmakers expressed opposition to them, citing concerns about their backgrounds and qualifications.
An expanded version of this report appears on WSJ.com.
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