Judy Shelton | 05-16-26

Steve Moore interviews economist Judy Shelton about a significant leadership transition at the Federal Reserve, focusing on the incoming chairman, Kevin Warsh, and the controversial departure of Jerome Powell. The discussion highlights a supply-side economic vision that advocates for a strong dollar and a return to "dependable money," which Shelton equates to a constitutional property right. Shelton criticizes the current Fed for its oversized market footprint and its practice of paying interest on bank reserves, arguing instead for a reduction of the Fed’s balance sheet to encourage private sector growth.