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Benzinga
Benzinga
Business
Vishaal Sanjay

Ex-Trump Advisor Judy Shelton Slams Federal Reserve's $900 Billion Losses, Says 'Violates The Norms' To Have A Fed Chair Who Can't Be Fired

US Federal Reserve Donald Trump the Federal Reserve Jerome Powell Ted Cruz
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Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.

What Happened: Aligning herself with the former Fed Governor Kevin Warsh's call for “monetary regime change,” Shelton called for a structural overhaul, while questioning the very notion of central bank independence.

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