Judy Shelton Makes a Comeback Years After Missing Out on the Fed
The former Fed nominee wants a wholesale rethink of how the central bank should model interest rates.
This article is for subscribers only.
I’m Saleha Mohsin, senior Washington correspondent. Today we’re looking at Judy Shelton’s new role in US economic policy discussions. Send us feedback and tips to ecodaily@bloomberg.net. And if you aren’t yet signed up to receive this newsletter, you can do so here.
When Donald Trump tapped Judy Shelton for a position on the Fed board in his first term, it ruffled a lot of feathers: An enthusiast for a monetary role for gold, she unsettled lawmakers in her own party so deeply that she failed to win Senate confirmation in 2020.