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Business Maverick: Seven Nobel Winners Sign Letter Opposing Shelton Fed Nomination

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A group of more than 100 prominent economists, including seven Nobel Prize laureates, have signed a new open letter to U.S. senators urging them to reject President Donald Trump’s nomination of Judy Shelton to the Federal Reserve’s Board of Governors.

in August by former Federal Reserve officials and staffers. That version now has 70 signatories, including four former regional Fed presidents and a former Fed governor.

Like its predecessor, it calls Shelton’s views on monetary policy and economics “so extreme and ill-considered as to be an unnecessary distraction from” the tasks facing the U.S. central bank as it deals with fallout from the coronavirus pandemic.The new letter’s 106 signatories include seven winners of the Nobel Memorial Prize in Economic Sciences: Robert E.

 

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