QUORUMCALL//GPT:
WARREN’S WARNING
Senator Elizabeth Warren is concerned about President Trump’s nominee for the Federal Reserve, Judy Shelton. She warns that Shelton is a “dangerous” pick, and could potentially do significant harm to the U.S. economy.
THE CONCERNS
– Warren argues that Shelton has a track record of supporting dangerous and outdated financial ideas, such as returning to the gold standard.
– Shelton’s nomination is also controversial due to her views on interest rates. She once called for lower rates when Trump was in office, but now wants higher rates, a position Warren sees as politically opportunistic.
THE PUSHBACK
– Several Republican Senators have also expressed concern over Shelton’s nomination, making her confirmation uncertain.
– Critics argue that Shelton’s radical views could destabilize the Federal Reserve and harm the economy.
TOPICS COVERED
#FederalReserve #Economy #GoldStandard
NOTE
The source is Yahoo News UK, a well-regarded news outlet known for its comprehensive coverage of global news. The article is factual and does not exhibit any noticeable bias.