Likely Federal Reserve nominee Judy Shelton compared the current situation involving the U.S. central bank and its global counterparts to the 1930s as the world struggled through the Great Depression.
“We’re in a very dangerous situation,” Shelton told CNBC’s Rick Santelli during a “Squawk on the Street” interview.
President Donald Trump has stated his intention to nominate Shelton for a Federal Reserve governor’s position.
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