Okay, she’s bad. But hopefully she won’t be that bad.
Such is the damningly faint praise Senate Republicans have offered President Trump’s latest unfit nominee for the Federal Reserve Board, Judy Shelton, ahead of her confirmation hearing Thursday.
To be clear: As these senators are aware, there are many reasons why this goldbug and Trump economic adviser would, in fact, be that bad. First and foremost is that she threatens the Fed’s political independence, which is necessary for the central bank to function effectively. Continue reading.