Trump is nominating Judy Shelton to the Fed...who started out as a goldbug, but changes her economic views to fit that of Trump's. she openly talks about "coordinating" with the White House on Fed policy.
https://www.washingtonpost.com/opini...faa_story.html
congressional GOP, again, knows better that she's an unqualified hack...but it doesn't matter.
https://www.washingtonpost.com/opini...faa_story.html
congressional GOP, again, knows better that she's an unqualified hack...but it doesn't matter.
When asked last summer about Shelton’s views on gold, Sen. Tim Scott (R-S.C.) ducked the question: “I don’t think it’s relevant,” he told Politico. There was no need to focus on “controversial statements,” he said, when “she has decades of work that we can actually look at.” But those “decades of work” mostly comprise . . . exhaustive treatises fawning over the gold standard.
Last week, Sen. Thom Tillis (R-N.C.) told my Post colleagues that Shelton’s support for the gold standard doesn’t matter because the United States isn’t likely to return to it anytime soon. Likewise, Sen. Kevin Cramer (R-N.D.) has said that Shelton is wrong on gold but that he supports her nomination anyway.
“I kind of like having somebody that challenges status quo like Judy on it,” Cramer said. Then he added, “I wouldn’t want five members like her.”
Last week, Sen. Thom Tillis (R-N.C.) told my Post colleagues that Shelton’s support for the gold standard doesn’t matter because the United States isn’t likely to return to it anytime soon. Likewise, Sen. Kevin Cramer (R-N.D.) has said that Shelton is wrong on gold but that he supports her nomination anyway.
“I kind of like having somebody that challenges status quo like Judy on it,” Cramer said. Then he added, “I wouldn’t want five members like her.”
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