Judy Shelton, nominated by former President Trump for the Federal Reserve, is set for Senate hearings on September 4.
Senate Hearing for Judy Shelton's Nomination
The Senate hearing for Judy Shelton's nomination as a member of the Federal Reserve is scheduled for September 4. Shelton is known for her advocacy of the gold standard and criticism of Fed independence, leading to discussions among economists and policymakers.
Market Reaction to Shelton's Views
Opinions on her views regarding interest rates and monetary policy are mixed. Some experts support her unconventional approaches while others express concerns about potential market instability. One notable proposal by Shelton is to lower the current inflation target (set at 2%) to zero, which she believes would 'make life much less complicated for all of us who have to use the dollar.'
Current Bitcoin Market Situation
As of August 29, 2025, Bitcoin (BTC) is trading at $111,976.54, maintaining a market dominance of 57.41% and a total market capitalization of around $2.23 trillion. Bitcoin has shown a 7.87% increase over the past 90 days, indicating positive momentum. Analysts anticipate influential shifts in asset valuations based on Shelton's policy outcomes.
Judy Shelton's Senate hearings will represent a significant milestone in her appointment to the Federal Reserve, and her monetary policy views could greatly impact financial markets.
