With economic commentator Steve Moore out of the running for Fed, President Trump has turned to another option, announcing his intent to appoint economist Judy Shelton.
Dr. Shelton is a superb choice.
Years ago, Shelton was one of the very few analysts to predict the fall of the Soviet Union long before it happened. Her conservative commitments are rock solid, having directed the Sound Money Project at the Atlas Foundation. Just last year she was successful in getting Senate confirmation as the U.S. director of the European Bank for Reconstruction and Development, so she’s already been thoroughly vetted—and would likely prevail in the confirmation process.
The stakes for the global economy have never been higher. We need a new voice at the Fed who can be a solid vote for the protection of monetary stability and who can handle herself at the table with the big boys.
Judy Shelton will do well. She should be confirmed.Read More »