trump: Asked if she supported a 50-basis point cut in the Fed's target range for its benchmark interest rate, Judy Shelton said Yes, according to The Independent. I would have voted for a 50-basis point cut at the June meeting, the Washington Post reported, citing an e-mail from Shelton. REUTERS/Leah Millis/File Photo WASHINGTON Reuters - An economist tapped by U.S. President Donald Trump for a governorship at the Federal Reserve called for a sharp interest rate cut at the central bank's policy meeting next week, the Washington Post reported on Monday. Trump said earlier this month Shelton, who served as an economic adviser to Trump's 2016 presidential campaign, was his pick for an open seat on the Fed's Board of Governors. A stronger economy could help Trump's bid for re-election in 2020. In recent months, the president and officials in his administration have been pressuring the independent central bank to lower borrowing costs in order to stimulate the economy.
(news.financializer.com). As
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