Donald Trump's call for the U.S. to manipulate its currency to boost exports is in direct conflict with the long-held view of at least one key scholar: his newest pick for the Federal Reserve board
President Donald Trump's call on Wednesday for the U.S. to manipulate its currency to boost exports is in direct conflict with the long-held view of at least one key scholar: his newest pick for the Federal Reserve board, Judy Shelton.
Shelton, like Trump, has condemned practices by nations like China that have historically interfered in foreign exchange markets to make their exports cheaper in comparison to other countries .Sign Up Shelton has suggested that the gold standard could be reintroduced by having Treasury issue bonds that are redeemable in either dollars or gold. She has said that such an example set by the U.S. would lead other countries to adopt a similar approach.
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