Trump Fed nominee Shelton faces skepticism at Senate hearing
One of President Donald Trump's nominees for the Federal Reserve came under sharp questioning Thursday from senators over her unorthodox economic views, including from two Republicans whose doubts about her nomination could imperil it.
The nominee, Judy Shelton, sought to make her unconventional views an asset by promising to bring "intellectual diversity" to the Fed. Shelton has previously expressed support for a wide range of out-of-the-mainstream perspectives, including tying the dollar's value to gold. She has also raised concerns among economists and Fed watchers by questioning the need for the central bank's independence.
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