The Senate must protect the central bank by rejecting overtly political nominations to its board
FOR MUCH of the past decade the Federal Reserve has operated without a full slate of seven governors. Presidents Barack Obama and Donald Trump have struggled to find nominees that the Senate, which must approve appointments to the Fed, finds acceptable. On February 13th Mr Trump’s latest candidates for the job—Judy Shelton and Christopher Waller—are due to appear before the Senate Banking Committee for a grilling. Mr Waller, head of research at the St Louis Fed, is a perfectly good candidate.
Instead, two other factors disqualify Ms Shelton. First, her past views crossed the line where unconventional thinking ends and quackery begins. She has spent much of her career questioning whether central banks should exist at all, and calling for a return to the gold standard, which would remove much of the Fed’s power to set monetary policy. True, she would not be the first central banker with a record of gold-standard advocacy.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Why Bong Joon Ho actually won three Oscars this year, not fourThe rules for the international feature category mean director Bong personally won three Academy Awards in the stunning 'Parasite' march to glory.
Les mer »
Why Joe Biden called a young woman a ‘lying, dog-faced pony soldier’He’s used the phrase a few times, and his spokespeople claim it’s from a John Wayne movie.
Les mer »
Why My Mom Is the Reason I'm the Confident Woman I Am TodayI was a shy child who grew up into an empowered woman unabashed by the terrors of the world, and my mom deserves all the credit for that. If I was scared, she
Les mer »
Eminem explains his surprise Oscars performance, reveals why he didn't attend in 2003Eminem is opening up about his surprise Oscars performance Sunday night, which came 17 years after he won the Academy…
Les mer »
Why The Yellow Dress Will Forever Be Iconic, From Rom-Coms To Fairy TalesWe spoke to the costume designers behind some of the most memorable onscreen looks
Les mer »
Eminem Talks Surprise Oscars Performance & Why He Once Thought the Awards Wouldn't 'Understand' HimEminem gave Academy Award viewers the jaw-drop moment of the night, when he delivered a surprise performance of his 8 Mile Hot 100 No. 1 hit, 'Lose Yourself.'
Les mer »