As we pointed out here last week, some resistance is brewing to President Donald Trump’s recent nomination of economist Judy Shelton to the Federal Reserve’s board of governors.
Shelton, once U.S. envoy to the European Bank for Reconstruction and Development and an informal Trump advisor to his 2016 campaign, has pushed for returning to some kind of gold standard, a relatively unorthodox view among economists. Shelton appears to be somewhat lukewarm on Fed’s independence from the executive branch and defended Mr. Trump’s call for lower interest rates, reversing her years of calls for higher rates.
You are trying to access member-only content. You are either lacking the required privileges or you are not logged in to view this content.
You need to have an active FSI Macro, or FSI Pro subcription in order to gain access to this article.If you are already a member at FS Insight, please Sign In. If you don’t have a subscription to FS Insight yet, please consider reading more about Our Services.