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Prospective Fed nominee Shelton global economy in ‘very dangerous situation’ like 1930s

Prospective Fed nominee Shelton global economy in 'very dangerous situation' like 1930s

FINANCE NEWS

Prospective Fed nominee Shelton global economy in ‘very dangerous situation’ like 1930s


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.

This is breaking news. Check back for updates.



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