President Trump is at it again. After failing to appoint such losers as Stephen Moore and Herman Cain, he is trying again with Judy Shelton. Similar to the other two failed appointees, Shelton is a Trump sycophant. Long a hard money supporter of the gold standard, Shelton pilloried the Fed's easy money policies during the early recovery from the Great Financial Crisis. Why? Obama was president.
Now with the economy at full employment she as an advocate of easy money. To her the very accommodative Fed has been too tight and further she supports devaluing the dollar. Why? She is sucking up to Trump. What's worse if she is appointed she would likely work to spy on the Fed for Trump. She would hardly be a person "who plays well with others."
Shelton is a far cry from Trump's other proposed appointee, Christopher Waller, a long time research official at the St. Louis Fed. Waller should sail through, while it would behoove the Senate Banking Committee to stop the Shelton appointment in its tracks.
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