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CNBC

Prospective Federal Reserve nominee Judy Shelton once again questioned whether the central bank should operate independent from political influence.

Shelton’s comments on central bank independence were likely to curry favor with President Donald Trump, who has repeatedly demanded lower interest rates.

The White House said it would tap Shelton for one of two open seats on the Federal Reserve board in July, but has not formally submitted her nomination to the Senate.

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Prospective Federal Reserve nominee Judy Shelton once again questioned whether the central bank should operate independent from political influence, following months of unprecedented White House pressure on US monetary policy.

In a conversation with UBS global macro adviser Beat Siegenthaler on the sidelines of the annual International Monetary Fund meetings in October, Shelton said that law dictated that the Fed “work hand-in-hand with Congress and the president to meet certain strategic economic goals for the US.”

“I don’t see any reference to independence in the legislation that has defined the role of the Federal Reserve for the United States,” Shelton told Siegenthaler, according to a transcript of the interview reviewed by Bloomberg.