re: #172 calochortus

Well yes, Trump. But he wouldn’t know fiscal policy from his ass, so I’m wondering where he got her name.

Initially, her appeal was (from February):

Powell has steadfastly ignored Trump’s taunts. But his term atop the central bank expires in 2022, and Fed watchers believe the president if reelected could look to tap Shelton to replace him.

Her appeal for Trump is no mystery. It is “clear that Shelton wants to politicize the Fed, because she explicitly said she wants to,” Post columnist Catherine Rampell writes. “In an op-ed last fall, she argued that the Fed should ‘pursue a more coordinated relationship’ with the White House.” As one of 12 voting members of the Federal Open Market Committee that sets the benchmark interest rate, Shelton would have limited leverage to pull central bank policy toward Trump’s preferred approach; but as chair, she could exert considerably more influence.

washingtonpost.com