Question
Should There Be Diversity of Thought on the Federal Reserve Board of Governors and the FOMC? Judy Shelton was nominated by President Donald Trump to
Should There Be Diversity of Thought on the Federal Reserve Board of Governors and the FOMC?
Judy Shelton was nominated by President Donald Trump to fill a vacancy on the Board of Governors of the Federal Reserve System. Dr. Shelton was not confirmed by the U.S. Senate because she had different ideas about the role of money, the role of the Federal Reserve System and monetary policy in general. She viewed the role of money and policy differently than most, if not all, of those on the Board of Governors, the FOMC and the staff of the Federal Reserve System. Based on option pieces of The Fed Board Agrees Never to Disagree (May 4th, 2021) and War Of Words Over Stirs Questions for the Fed (May 15th, 2021). Drawing on these two opinion pieces do you believe the Federal Reserve System's leadership which includes the Board of Governors and the FOMC (Federal Open Market Committee) should hold similar views of economic theory and policy or should there be voices that question and challenge the prevailing view? Does economic policy require diversity of ideas?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started