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Trump said to weigh Judy Shelton — author of op-ed ‘The case for monetary regime change’ — as Fed board pick

The Trump administration is weighing the nomination of Judy Shelton, U.S. director for The European Bank for Reconstruction and Development, to fill one of two vacancies on the Federal Reserve’s Board of Governors, according to a Bloomberg News, which cited people familiar with the White House’s thinking.

The Bloomberg report (paywall) comes after two possible nominees, Stephen Moore, the former Wall Street Journal editorial writer and senior fellow at the Hoover Institution, and Herman Cain, the former pizza executive and a onetime candidate for president, recently withdrew their names from consideration for the posts. The two men had elicited heavy criticism for their lack of an economics background and past, controversial statements.

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