Donald Trump said he intends to nominate Judy Shelton, a prominent supporter of returning to the gold standard, and St. Louis Federal Reserve economist Christopher Waller to the U.S. central bank’s board
President Donald Trump said Tuesday that he intends to nominate Judy Shelton, a prominent supporter of returning to the gold standard, and St. Louis Federal Reserve economist Christopher Waller to the U.S. central bank’s board.
Shelton, who is close with White House economic adviser Larry Kudlow, served on Trump’s transition team and is currently U.S. executive director for the European Bank for Reconstruction and Development. In an interview with the Journal last week, she sounded a different note, saying rates should be reduced.Sign Up
“When you have an economy primed to grow because of reduced taxes, less regulation, dynamic energy and trade reforms, you want to ensure maximum access to capital,” she said. “Today we are seeing impressive gains in productivity, which more than justify the meaningful wage gains we are likewise seeing — a testimonial to the pro-growth agenda.”
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