Bennet Opposes Nomination of Shelton to Federal Reserve Board of Governors

Denver – Today, Colorado U.S. Senator Michael Bennet announced his opposition to the nomination of Dr. Judy Shelton to serve on the Federal Reserve Board of Governors.

“Dr. Judy Shelton is the wrong person for the Federal Reserve Board of Governors in the middle of a historic economic crisis. Her extremist views on monetary policy would undermine the Federal Reserve’s longtime tradition of independence and nonpartisanship. On several occasions, Shelton has wondered whether America even needs a central bank. She has called a convicted counterfeiter who sold gold coins with President Trump's face on them ‘the Rosa Parks of monetary policy.’ She has advocated returning to the gold standard, a policy that was abandoned after it helped precipitate the Great Depression. These views are disqualifying. 

“Worse, her extreme partisan record risks politicizing the Federal Reserve at the worst possible moment. She has also supported selling off our public lands, which is unacceptable to communities across our state. For all of these reasons, I strongly oppose Shelton’s nomination.”