Judy Shelton looks to be within striking distance of getting a seat on the Federal Reserve Board.
Why it matters: Her political background is unprecedented for a Fed candidate, and threatens the central bank’s critical apolitical stance.
Our thought bubble, per Axios’ Felix Salmon: Of all the tools in the Fed’s arsenal, its independence from political influence is the most powerful and most important.
Driving the news: The former Trump campaign advisor is likely to cinch a position as one of the crucial decision-makers at one of the most powerful economic institutions in the world.
The full article is available at https://www.axios.com/judy-shelton-trump-fed-board-confirmation-1d06662d-afae-48be-8c0e-6e0b5d23541d.html