After a good start, President Trump hit a rough patch filling empty seats on the Federal Reserve Board. His latest picks have gone 0-for-4, rivaling a bad streak even in baseball, where hitting 1 time every 3 at-bat’s lands you in the Hall of Fame. The latest rumored pick, Judy Shelton, is currently a director for the European Bank for Reconstruction and Development and earlier worked for the Sound Money Project.
So she clearly isn’t drinking the Flavor Aid about modern economics, which requires one to think governments can fix all economic problems and we the people should pay no attention to the man behind the curtain. Reality probably lies somewhere in between, as it usually does, and Ms. Shelton certainly looks like a much better pick for the Fed than Stephen Moore. You can read more about Ms. Shelton’s viewpoint in today’s featured article.
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