Dudley: Fed Pick Shelton Seems to 'Bend With Political Wind'

The transcript discusses Judy Shelton's economic theory, which is not clearly understood or aligned with traditional economic schools. It highlights the political implications of her potential confirmation to the Federal Reserve, noting her inconsistent views on monetary policy. The discussion also covers the Federal Reserve's decision-making process, emphasizing that individual unorthodox views have limited impact due to the committee's consensus-driven approach.

What are the main components of Judy Shelton's economic theory as discussed in the text?

In what ways has Judy Shelton's stance on monetary policy been described as inconsistent?

What concerns are raised about the independence of the Federal Reserve in relation to political pressures?

What is the significance of the Federal Reserve's consensus approach as mentioned in the text?

How does the speaker perceive the implications of confirming Judy Shelton for the Federal Reserve?