Nominee Judy Shelton Lacks Confirmation Votes for Fed Board

The transcript discusses the challenges Judy Shelton faces in her confirmation vote for a position at the Federal Reserve. With limited time before Congress adjourns for the election, her nomination is uncertain. John Thune's influence and the potential for a lame duck session are considered. Judy Shelton's economic views, including her past support for the gold standard and her shift in stance on interest rates, are examined. The Senate Finance Committee's concerns about her consistency and alignment with mainstream economic thought are highlighted.

What is the main reason Judy Shelton's confirmation is uncertain?

• Support from mainstream economists

• Her refusal to attend confirmation hearings

• Strong opposition from the President

• Lack of votes and tight timeline before Congress adjourns

What role has Judy Shelton played in relation to the President?

• Chief of Staff

• Economic Advisor

• Press Secretary

• Foreign Policy Advisor

How did the Senate Finance Committee view Judy Shelton's nomination?

• They fully supported her

• They had doubts and were lukewarm

• They were indifferent

• They were very enthusiastic

What economic policy has Judy Shelton been criticized for supporting?

• Deregulation of banks

• High inflation rates

• The gold standard

• Increased government spending

What change in stance did Judy Shelton make regarding interest rates?

• She consistently supported high rates

• She initially supported low rates and then advocated for higher rates

• She initially supported high rates and then advocated for low rates

• She consistently supported low rates