Chris Waller is a conventional choice for the Fed. Judy Shelton has shown distinctly more eccentric views
the Federal Reserve has been difficult for President Donald Trump. He clearly regrets his pick for chairman, frequently railing against Jerome Powell for keeping interest rates too high. His last two nominees could have fought his corner, but both withdrew after it became clear that neither would be confirmed by the Senate.
For years she was one of the most hawkish voices around. As America’s economy was crashing in 2009 she warned of “runaway government spending” and predicted that inflation was about to make the dollar useless as a unit of account. She advocated a return to the gold standard, which would place monetary policy, inflation and the labour market at the mercy of the supply of and demand for the metal.
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