The latest potential Fed pick, a former Trump campaign adviser, says it would be ‘superficial’ for her to say whether the central bank is independent
|06/09/2019||Posted by BusinessMediaguide.Com under General World News||
- The Federal Reserve has long been regarded as independent from political influence. But its reputation has been called in to question in recent months after unprecedented pressure to lower rates from President Donald Trump.
- Potential Federal Reserve nominee Judy Shelton sees some grey area when it comes to the independence of the central bank. When asked by Markets Insider whether the central bank was currently an independent institution, Shelton said it would be “superficial” to answer yes or no.
- Shelton is a former adviser to the Trump campaign and transition team. She often expresses support for the president’s thinking and policies.
- She read more >>>