Judy Shelton: Joe Biden withdraws Donald Trump nomination from controversial Fed candidate

Judy Shelton: Joe Biden withdraws Donald Trump nomination from controversial Fed candidate

us President Joe Biden The nomination of the controversial candidate is done by his predecessor Donald Trump Withdrawn to the US Federal Reserve.

The appointment of Judy Shelton was already unstable during Trump’s term. So the US Senate banned The Economist already in November. With a procedural ploy, however, the Republican majority leader had Mitch McConnell But later made it possible to vote again. Trump hoped to get his candidate before the end of his presidency.

For months, Democrats criticized supporters of Trump’s election campaign. But there were also some Republicans against Shelton – and voted against him in November.

Shelton is known as a recognized critic of the US Federal Reserve. She advised Trump on economic issues during the 2016 presidential election campaign and most recently worked in a high-status position for the European Bank for Reconstruction and Development. Technically, Shelton gained attention through unusual situations. For example, she sees that the international currency system should return to the system of gold support.

in America Candidates nominated by the President for certain offices must be confirmed by the Senate.

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