Trump’s could-be-worse Fed pick could get worse

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Trump’s Federal Reserve pick, Judy Shelton, said many of the right things in her Senate hearing. Her White House ties would be manageable, but that changes if chair Jay Powell’s role comes up for grabs, writes GinaChon.

The U.S. Senate Banking Committee on Feb. 13 held a hearing for two nominees for the board of the Federal Reserve: Judy Shelton, former U.S. director at the European Bank for Reconstruction and Development, and Christopher Waller, research director at the St. Louis Federal Reserve.

Trump’s two previous choices for the Fed seats, conservative commentator Stephen Moore and businessman Herman Cain, withdrew from consideration in 2019.

 

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