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Pence Wouldn’t Reappoint Powell, Floats Shelton for Fed Board

From bnnbloomberg.ca

Mike Pence said if he is elected president he wouldn’t reappoint Federal Reserve Chairman Jay Powell when his term expires in 2026, and floated economist Judy Shelton for the central bank’s board. “Jerome Powell’s time is over,” Pence said Friday at The Gathering, a conservative forum in Atlanta hosted by radio host Erick Erickson. “I’d love to see somebody like Judy Shelton appointed to the Federal Reserve. You can Google it later and find out how good she is. Trust me.” The former vice president did not specify if Shelton would be in the running for Powell’s job or for another seat on the Board of Governors. Asked ... (full story)

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  • Category: Fundamental Analysis