Just when you thought it would be a quiet time for the Federal Reserve, with the Fed Open Market Committee set to keep rates stable for a while, President Donald Trump stirs things up again.
I’m referring to his recent nomination of economist Judy Shelton to the Fed’s board of governors. A recent Wall Street Journal story said it could turn on how she explains to lawmakers her heterodox views on policy issues including central-bank independence, interest rates and the gold standard. He also nominated St. Louis Fed economist Christopher Waller.
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