The Corner

Economy & Business

Judy Shelton’s 180

She was a consistent advocate of hard money — until she had a chance to be a Trump nominee to the Fed. Now she wants lower interest rates as fast as possible.

There’s nothing wrong with changing your mind. But Shelton’s explanation for the change makes no sense, as I explain at Bloomberg Opinion. Which Shelton would we get at the Fed?

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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