Controversial Trump Fed nominee Judy Shelton headed toward Senate floor vote
by Nihal Krishan | November 12, 2020
(washingtonexaminer.com) – A controversial Trump Federal Reserve nominee, who has backed a gold standard, is likely to get a vote on the Senate floor next week after Majority Leader Mitch McConnell filed cloture on her nomination Thursday…
Shelton has generated opposition for her pointed criticisms of the Fed and her advocacy for a return to the gold standard as a monetary system…
Shelton said in 2011 that the Fed is “almost a rogue agency” and asked whether it could be trusted in having oversight of the dollar. She has also called for a 0% inflation target, as opposed to the bank’s current 2% target, and has raised the “fundamental question” of “Why do we need a central bank?”…
Mitch McConnell calls for vote to advance Shelton’s Fed nomination
------------------------------------
Its all coming together now folks, once the right people are in place the switch will be pulled.
No comments:
Post a Comment