Fed Nominee Judy Shelton

Central banks seem better at moving exchange rates than stimulating growth or hit their inflation targets, says Judy Shelton, a US Economist and author of 'Money Meltdown: Restoring Order to the Global Currency System'.

by Judy Shelton 18 Oct 2019

Central banks seem better at moving exchange rates than stimulating growth or hit their inflation targets, says Judy Shelton, a US Economist and author of 'Money Meltdown: Restoring Order to the Global Currency System'. President Trump has announced his intention to nominate her to the Federal Reserve Board of Governors. Ms Shelton also argues that legislation demands that the Fed work hand-in-hand with Congress and the President to meet the strategic economic goals of the United States. With one of these goals being to keep US exports competitive and contributing to a good trade balance. As a result, it should not be seen as inappropriate for Congress or the President to suggest the Fed pursue certain actions.

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