Fed Nominee Shelton Draws Senate Republican Concerns

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 execu...

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