Judy Shelton, former Trump Fed nominee and author of Good as Gold, joins Jeremy Szafron to discuss the rising calls to audit the Federal Reserve, the $200 billion in interest payments to banks and foreign institutions, and the growing momentum behind gold-backed U.S. Treasury bonds. Shelton confirms that conversations with Trump administration officials are “constructive” as they consider launching long-term, gold-redeemable debt ahead of America’s 250th anniversary.
In this Kitco News interview, Shelton outlines why the Fed’s balance sheet losses, interest-on-reserves framework, and constitutional overreach demand urgent reform. She also addresses whether she would accept the role of Fed Chair in 2026.
Key topics:
-$200B in Fed interest payouts — and who’s really benefiting
-Why Shelton calls the Fed’s system “perverse”
-Structural audit bill gaining traction in Congress
-Gold-backed Treasuries: how it could work, and who’s behind it
-Trump administration’s internal debates on Fed reform
-Shelton’s 2026 Fed Chair potential: would she accept
Follow Jeremy Szafron on Twitter: @JeremySzafron (https://twitter.com/JeremySzafron)
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Follow Judy Shelton on Twitter: @judyshel (https://twitter.com/judyshel)
00:00 Introduction
00:32 Judy Shelton’s Perspective on Fed Policies
01:13 The 2008 Financial Crisis and Fed’s Response
03:47 Current Issues with Fed’s Interest Payments
06:30 Congressional Oversight and Fed Accountability
09:38 Calls for Fed Reform and Leadership Changes
15:53 Gold and Sound Money Movement
18:36 Proposal for Gold-Backed Treasury Bonds
36:28 Conclusion
#FederalReserve #JudyShelton #AuditTheFed #Gold #Trump #MonetaryPolicy #InterestRates #KitcoNews
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