“Shelton wants to politicize the Fed, because she explicitly said she wants to. In an op-ed last fall, she argued that the Fed should ‘pursue a more coordinated relationship’ with the White House.”
“Just as troubling as her many opportunistic policy reversals, though, are the ideas Shelton still hasn’t reversed herself on. Especially: her desire to bring back the gold standard.”
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“In short, Shelton is an opportunist and a quack. Senate Republicans seem to know this — but they still may be too craven to oppose her nomination, for fear of crossing Trump.”
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“Nine years ago, Senate Republicans blocked [an] Obama [Fed nominee because] the candidate was supposedly unqualified — [even though] that nominee, Peter Diamond, had a Nobel Prize ... Surely [they] can be at least 1/100th as picky today.”
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