Judy Shelton would take an unconventional approach to monetary policy at the Fed, adding a point of view she said would benefit the central bank.
Judy Shelton has advocated for drastically changing the way interest rates are set and going back to a Bretton Woods-type monetary system, policies she argued would set up optimal conditions for growth. In an interview with Markets Insider, Shelton highlighted the importance of"fresh thinking" at the Fed. "I think we have to say, what is the role of central banks in a productive economy?" she said.
Judy Shelton has advocated for drastically changing the way interest rates are set and going back to a Bretton Woods-type monetary system, policies she argued would set up optimal conditions for growth. In an interview with Markets Insider, Shelton highlighted the importance of"fresh thinking" at the Fed. "I think we have to say, what is the role of central banks in a productive economy?" she said.
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