Why The Fed Fears Trump’s Nominee, Judy Shelton - Steve Forbes | What's Ahead | Forbes

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Published on 17 Sep 2020, 16:00
News headlines are overrun with hurricanes, horrific fires, the presidential election and the Covid crisis, yet the opposition the Federal Reserve has taken to diversity of opinion regarding monetary policy goes virtually unnoticed. The Fed is waging a bitter, smear-ridden campaign to derail the nomination of Dr. Judy Shelton to the central bank's board of governors, as it clings to the idea that prosperity causes inflation. Are they headed for a shakeup? Steve Forbes on the change the Fed fears and on just how crucial Judy Shelton’s presence among the policy-making Federal Reserve would be.

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