White House considers economist Judy Shelton for seat on Federal Reserve
-- The White House is considering conservative economist Judy Shelton to fill one of the two vacancies on the Federal Reserve Board of Governors that President Donald Trump has struggled to fill.
She declined a request for comment, but on Saturday responded “Thank you, sir” to a tweet from Representative Jim Banks, Republican of Indiana, saying she’d be a “great pick” for the central bank.Shelton, who’s served as an informal adviser to Trump, holds a Ph.D. in business administration with an emphasis on finance and international economics from the University of Utah.
Conservative economic pundit Stephen Moore on May 2 was the latest Fed candidate to flame out, following businessman Herman Cain and economists Nellie Liang and Marvin Goodfriend. Moore and Cain withdrew before being formally nominated. Liang and Goodfriend were nominated in 2018. Goodfriend wasn’t renominated this year and Liang withdrew in the face of tepid enthusiasm for them among Senate Republicans and Trump himself.
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