Search Results - Shelton, Judy

Judy Shelton

Judy Lynn Shelton (born 1954/55) is an American economic advisor to former President Donald Trump. She is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve (which she has compared to the Soviet Union's economic planning). Trump announced on July 2, 2019, that he would nominate Shelton to the Fed. Her nomination stalled on November 17, 2020, with a 47–50 vote in the Senate, and her nomination was eventually withdrawn by President Joe Biden in February 2021.

During the Obama presidency, she advocated for a tight monetary policy, but reversed her position during Trump's first presidency, when Trump advocated for a loose monetary policy (lower interest rates). Her nomination was held up in the Senate, as senators of both parties were skeptical of her. However, shortly after Joe Biden won the presidential election, Senate Republicans appeared to move ahead to confirm her. More than 100 economists, including seven Nobel laureates, signed a letter opposing her confirmation, saying her views were "extreme and ill-considered." She ultimately could not retain enough Republican support after senators Rick Scott (R-Fla.) and Chuck Grassley (R-Iowa) were absent due to exposure of COVID-19, and two present Republicans voted against and one absent one did not support her. Provided by Wikipedia