Axios: Controversial Trump Fed board pick Judy Shelton gets closer to confirmation

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

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