Doubts emerge about Trump Fed nominee Judy Shelton after tough questioning
Companies, agencies, institutions, etc
InFederal Reserve
the Federal Reserve
job."Shelton
Trump
Reuters
the White House
Senate
FDIC
Congress
GOP
Federal Open Market Committee
Wall Street Journal
the American Enterprise Institute
the St. Louis Fed's
CNBC
CNBC LLC
All Rights Reserved
Division
NBCUniversalData
Global Business and Financial News
Market Data and Analysis
People
Judy Shelton
Richard Shelby
Sen
Doug Jones
D-Ala
Sherrod Brown
Raymond James
Jerome Powell's
Chris Van Hollen
Barack Obama
Donald Trump
Patrick Toomey
Mike Crapo
Christopher Waller
Groups
Republican
Democrat
American
Physical locations
No matching tags
Places
the White House
Locations
Fed."I
Alabama
Ed Mills
Washington
U.S.
D-Md
Pennsylvania
Idaho
Minnesota
Events
No matching tags
Summary
Keep Me Logged InFederal Reserve nominee Judy Shelton faced a blistering confirmation hearing Thursday, as senators grilled her over her views on central bank independence, the gold standard and whether the money that people deposit at banks should be insured.Facing a barrage of criticism over multiple statements she has made over the years, Shelton defended herself as an "outside the box" thinker who would bring her own experience and ideas to the Fed."I would look very much forward to working with my colleagues at the Federal Reserve," she said in response to a question from Republican Sen. Richard Shelby of Alabama on whether she is "an outlier" and "not mainstream" in her thinking. I think you have done very well today."Many of the questions were of a political nature.Several senators asked whether she thought it was appropriate for Trump to be so open in his criticism of Powell and Federal Open Market Committee members as a whole for not keeping interest rates low enough."I think what we've seen historically is some Fed chairmen have felt they were being pressured behind the scenes," Shelton said.
As said here by Jeff Cox