Trump Fed nom­i­nee Shel­ton faces skep­ti­cism at Se­nate hear­ing

Antelope Valley Press - - BUSINESS -

WASH­ING­TON — One of Pres­i­dent Don­ald Trump’s nom­i­nees for the Fed­eral Re­serve came un­der sharp ques­tion­ing from sen­a­tors over her un­ortho­dox eco­nomic views, in­clud­ing from two Repub­li­cans whose doubts about her nom­i­na­tion could im­peril it. The nom­i­nee, Judy Shel­ton, sought to make her un­con­ven­tional views an as­set by promis­ing to bring “in­tel­lec­tual diver­sity” to the Fed. Shel­ton has pre­vi­ously ex­pressed sup­port for a wide range of outof-the-main­stream perspectiv­es, in­clud­ing ty­ing the dollar’s value to gold. She’s also raised con­cerns by ques­tion­ing the need for the cen­tral bank’s independen­ce. Af­ter the hear­ing, two key Repub­li­cans re­it­er­ated their mis­giv­ings about her nom­i­na­tion. A third said he was un­de­cided.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.