Trump’s Pick for Federal Reserve Drawing Bipartisan Backlash

via Wikimedia Commons

President Trump’s pick for a seat on the Federal Reserve Board is drawing criticism from both sides of the aisle.

The bipartisan criticism is rare.

According to The Hill:

Senators in both parties voiced deep concerns Thursday about one of President Trump’s picks to serve on the Federal Reserve Board, raising doubts about the nominee’s ability to win confirmation.

Republicans and Democrats on the Senate Banking Committee questioned whether Judy Shelton, a former Trump campaign adviser, should be considered for the Fed governor post given her controversial views on central bank independence, the gold standard and core tenets of economic policy.

But senators across the ideological spectrum made clear that Shelton’s explanation of her lengthy paper trail did little to soothe their concerns.

“If you were on the Fed, how would you work with the other members?” asked Sen. Richard Shelby (Ala.), the senior Republican on the Banking panel. “Could you work with them with the goal of price stability and full employment, or would you really be an outlier?”

Shelton made clear that she does not claim to be a mainstream economist and those views will help bolster the discussion at the Federal Reserve.

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2 years ago

Great content! Super high-quality! Keep it up! 🙂

Wally Bunyea
Wally Bunyea
2 years ago

End the FED! We need sound/stable, gold-backed currency. Don’t buy into the Keynesian idea of currency manipulation and fiat money. It’s unfair to everyone, especially savers and retired people.

Original Anna
Original Anna
2 years ago

Well, doesn’t every decision she makes has to go through President Trump. If she fails, she will be asked to leave which is more than a democrat would do as long as the person was loyal to their democrat president to the point of covering up crookery done by democrats. Trump goes by does it help the country or not which is certainly what the democrats don’t go by. How do the complainers know she will not do as well as Obama’s choices he made. She will have to learn like everybody has to learn and if Trump likes her he will give her a chance and remove her if she doesn’t work out because he isn’t interest in party loyalty just that she makes decisions through him and they are good for the country.

2 years ago

In other words she is not a leftist globalist P O S who agrees with the policy of near zero interest rates & money printing which has caused the huge equities & real estate bubbles. Nonstop money printing & quantitative easing is GREAT for the leftist globalist millionaires & billionaires but when the economy eventually collapses, & it will, middle America will be devastated.

The vast majority of BOTH parties are bought & paid for by the leftist globalist billionaire cabal.

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