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Federal Reserve Board nominee Judy Shelton in...>

FED
FED: Federal Reserve Board nominee Judy Shelton in Washington Post interview
calls for 50bps cut in July and says she would have done so in June.
- Also more interestingly wants to eliminate IOER: 'Shelton said the Fed should
stop paying interest in excess reserves, a practice she argues is "unhealthy"
and results in the Fed paying banks "essentially ... to do nothing" with the
money instead of lending it out. She would like to see this eliminated in the
next two years.'
Energy BulletsCommodities
Energy BulletsCommodities

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