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Potential Fed nominee Judy Shelton wants a change in the way interest rates are set
Potential Federal Reserve nominee Judy Shelton thinks the central bank ought to pay more attention to financial markets when setting interest rates. Already an economic advisor to President Donald Trump, Shelton has been mentioned frequently as a possible candidate for a Fed governor position. If she did get the nomination and was confirmed, she said she'd bring a different perspective when it comes to how rates are set. “What bothers me most about the way the Federal Reserve currently operates is more the mechanism,” she said in an interview with the Wall Street Journal. “We can talk about whether rates should ... (full story)