Judy Shelton is President Donald Trump’s economic advisor. However, she is a black sheep in the economics field considering that she advocates for the re-adoption of the gold standard. This is a concept which was abandoned in 1971.
Secondly, Judy Shelton criticizes the Federal Reserve on every turn.
On July 2, 2019 President Donald Trump announced that he was planning to nominate Judy as a member of the fed. A body which he has been criticizing for years.
Judy Shelton studied at the University of Utah where he earned a Bachelor of Education, MBA and PhD in Business Administration.
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Judy Shelton hopes that one day there will be a Bretton Wood-like meeting where member nations will agree to return to the gold standard. This is a situation where the value of the dollar is tied to gold.
President Donald Trump made the announcement on his twitter account by saying the following:
I am pleased to announce that it is my intention to nominate Judy Shelton, Ph. D., U.S. Executive Dir, European Bank of Reconstruction & Development to be on the board of the Federal Reserve….— Donald J. Trump (@realDonaldTrump) July 2, 2019