Economics
Trump Nominee Shelton Blasted by Fed Alums in Open Letter
- Letter is also signed by two former Reserve Bank presidents
- Nominee to central bank’s board awaits full Senate approval
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A group of former Federal Reserve officials and staffers, including former Vice Chairman Alan Blinder, published an open letter Thursday calling on the U.S. Senate to reject President Donald Trump’s nomination of Judy Shelton to the central bank’s Board of Governors.
“Ms. Shelton’s views are so extreme and ill-considered as to be an unnecessary distraction from the tasks at hand,” the letter said.