Why the Fed should target 0% inflation: Fmr. Trump Fed nominee

Economic improvement over time is supposed to be achieved by having vigorous debate from those with varying perspectives. No one has a monopoly on great ideas that could unleash economic empowerment for households and economics. But as if often the case on these fronts, those with more fierce views on how to improve things can sometimes get put in a box and labeled as too extreme. That is where one could find Judy Shelton, a one-time nominee by former President Donald Trump to join the Federal Reserve board in 2020. Shelton was slammed by lawmakers throughout the nominating process for her support of the gold standard, among other more aggressive ideas to improve the economy and financial markets. Shelton didn’t win approval for the Fed board, but remains close to the Trump camp and is reportedly on his shortlist to be the Fed chair should he win four more years in the White House. Yahoo Finance Executive Editor Brian Sozzi goes in-depth with Judy Shelton, who is out with a new book called “Good as Gold: How to Unleash the Power of Sound Money.” In the latest episode of Opening Bid, the pair discuss some of her perceived controversial ideas and if she has any interest in being Fed chair.
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