President Trump recently nominated Judy Shelton and Christopher Waller to fill the two vacancies on the Federal Reserve Board of Governors. If confirmed, Mrs. Shelton has publicly advocated for lower rates and also the reintroduction of a gold standard. The president has openly criticized Fed Chairman Jerome Powell about not lowering interest rates quickly enough. His four-year tenure as Fed chair expires in February 2022.
This is a very interesting development because one can only assume if Trump is reelected, he could potentially appoint Mrs. Shelton as the next chairman. Which logically, makes a lot of sense as Trump continues his hard negotiation with China on fair trade.
"When governments manipulate exchange rates to affect currency markets, they undermine the honest efforts of countries that wish to compete fairly in the global marketplace. Supply and demand are distorted by artificial prices conveyed through contrived exchange rates. Businesses fail as legitimately earned profits become currency losses," she wrote in a February 2017 opinion article in The Wall Street Journal.