Thirty-8 former Federal Reserve officers have termed for the Senate to reject Judy Shelton’s nomination to the board of governors of the central lender, stating her policy positions have been severe and she posed a danger to the Fed’s independence.
“Ms. Shelton has a many years-very long history of writings and statements that call into dilemma her physical fitness for a spot on the Fed’s Board of Governors,” the officers said, in an open up letter. “Now, she appears to have jettisoned all of these positions to argue for subordination of the Fed’s procedures to the White Household — at minimum as very long as the White Household is occupied by a president who agrees with her political views.”
The signers of the letter all served on the staffs of either the Board of Governors or the Federal Reserve Banking companies. The optimum-position is Alan Blinder, who served as vice