President Trump’s bid to install economist Judy Shelton on the Federal Reserve’s board of governors could turn on how she explains to lawmakers her heterodox views on policy issues including central-bank independence, interest rates and the gold standard. The president last week formally nominated Ms. Shelton, a former U.S. envoy to the European Bank for Reconstruction and Development, and St. Louis Fed economist Christopher Waller to the Fed board. The Senate Banking Committee has scheduled their confirmation hearing for...

Source: Wall Street Journal February 06, 2020 10:30 UTC