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New York Sun: Janet Yellen to Treasury? So much for Fed independence
From The New York Sun
Monday, November 23 2020
News that Vice President Biden intends to nominate the former chairman of the Federal Reserve, Janet Yellen, to be treasury secretary certainly has its ironies.
We're still in the midst of watching the Democrats maneuver to defeat the nomination to the Fed board of Judy Shelton on the grounds that she would compromise the independence of the Fed from the Treasury. Mr. Biden's move is practically a merger.
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How is that going to be handled by the Republicans who used Fed independence to libel Ms. Shelton?
Are Senators Susan Collins, Lamar Alexander, and Mitt Romney going to go after Mrs. Yellen the way they did Ms. Shelton?
What of Senator Sherrod Brown and the rest of the Banking Committee Democrats who are rallying against Mrs. Shelton in the most demagogic fashion? Not to mention the New York Times and the Washington Post. ...
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