Trump Fed Pick Judy Shelton Says Central Bank Should Support Markets

The Federal Reserve should continue providing liquidity for the growing U.S. economy, said Judy Shelton, one of President Donald Trump’s picks for a seat on the Fed’s board of governors.

Shelton, who Trump named Tuesday as a nominee for one of the two open Fed board positions, said the economy isn’t registering inflation on the horizon and the strong June jobs report indicates that the administration’s pro-growth policies are working.