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Opinion

Establishment Criticism of Fed Nominee Shelton Is Badge of Honor

Establishment Criticism of Fed Nominee Shelton Is Badge of Honor
Judy Shelton testifies before the Senate Banking, Housing and Urban Affairs Committee during a hearing on her nomination to be member-designate on the Federal Reserve Board of Governors, in Washington, on Feb. 13, 2020. Sarah Silbiger/Getty Images
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Commentary
A former Federal Reserve employee made an astonishing admission in January. Adam Posen—who holds a Harvard University doctorate and worked at the New York Fed in the 1990s—said what the Fed fears most isn’t inflation or another recession.
Fergus Hodgson
Fergus Hodgson
Author
Fergus Hodgson is the director of “ Econ Americas”, a financial consultancy, and publisher of the “ Impunity Observer” , a geopolitical intelligence service. He is the author of “ Financial Sovereignty for Canadians: Untether Yourself from the Ottawa Leviathan (2024).”
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