Trump Fed Pick Wants to Revive Gold Standard

“As President Trump named his picks to fill two influential seats on the Federal Reserve’s Board of Governors, the price of gold surged. That may be because one of the them, Judy Shelton, is a believer in the return to the gold standard, a money policy abandoned by the U.S. in 1971,” CBS News reports.

“Shelton is raising eyebrows among mainstream economists for her views, which include slashing the Fed’s benchmark rate to zero and pegging the value of the dollar to gold prices.”