Judy Shelton on gold, tariffs and where the Fed went wrong
Potential successor to Jerome Powell makes the case for cutting rates and tamping down dollar volatility
When then US president Donald Trump nominated Judy Shelton for a seat on the Federal Reserve board in 2019, it triggered a furious backlash from the economic establishment.
More than 100 economists, including seven Nobel laureates, and 79 former Fed officials signed separate but almost identical letters calling her views “extreme and ill-considered”.
Those views – as described by the signatories –
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