The Fed is too powerful and prominent in financial markets: Independent Institute's Judy Shelton

Judy Shelton, Independent Institute senior fellow and ‘Good as Gold’ author, joins 'Squawk Box' to discuss the power wielded by the Federal Reserve, why she believes in a rules-based approach, and more.

[PatyRamírez-zz]

With around $120k invested in Palantir stocks, any suggestions for additional stocks to diversify across various markets? Looking for a well-rounded portfolio that balances risk aversion with returns meeting yearly inflation concerns.

[Daisy-yrez]

Every week I buy more of whatever is the lowest percentage of my portfolio and try to keep everything around 10%. Please what could be my safest buys with $400k to outperform the market in 2024?

[andybuchanan]

I could not possibly agree more with this woman.

[kenstaggs]

Get this lady in charge of reforming our financial institutions and systems!

[whatmane]

It wasn't too long ago the market was hitting all time highs each week & now they're begging for rate cuts.

[PK-ukgh]

Market goes 30 percent up...No issue.
Market is down 10 percent ... Everyone starts crying on national TV 😂😂😂

[dalepetersen]

Yes we should trust the 10 richest people in the world and corporations instead of the government voted in by citizens. Why should we fight for you

[KungPowEnterFist]

If the Fed would have stopped at 4% at the end of 2022, inflation would be double what it is now. This lady cannot be serious. What would have happened in and post GFC without the Fed? We would be in year 16 of the worst depression of all time.

[rustinjarrell]

She was doing great until her last sentence when she said a 50 basis point cut will alarm the markets and be too political. If a 50 point cut is what is needed then that’s what you do.

[donaldharlan]

People on CNBC are totally out of their minds.🐖 Everything those people do is wrong.

[staroftheshow]

Anyone else watching this market correction take place right in front of your eyes?

[DsonicJ]

She fails to mention how the markets are addicted to quantitative easing

[mikeshaunnessey]

We ran at zero for twenty years with brief interludes when the market got too hot and it go raised briefly.

[humanbeing]

That’s ridiculous, the fed has nothing to do with the markets. The markets themselves and their reaction to the fed determines everything.

[All-gptt]

Powell should leave, he has behind the curve twice! Remember he said inflation transition?

[mangowarrior]

Unbridled capitalism wants more deregulation ...

[timhopkins]

When I began investing in 1967 the average length that shares of stock were held was 10 years. Today the average length of stock ownership is just six months. The Federal Reserve is the easiest of scape goats for the most recent correction in stock prices. If you bought Eli Lilly shares 11 years at the cost of $51 per share ought you to be upset that Thursday's selling of LLY shares your LLY shares only sell for $792/share? Get real.

[sushibar]

The Fed was absurdly slow in raising rates in the mid-2010s, which is the primary contributor to the recent bout of inflation. And now it has been inexcusably slow in lowering rates. It should have begun small cuts late last year or early this year, and should have definitely cut it's benchmark rate by .5% this week, with a strong signal of more to come in September. It is hard to understand why the Fed seems to be such a slow learner. It was defending its zero rates policy long after it was clear that it had served its purpose, and was creating risks for the economy. It seems committed to matching its previous mistake by being slow to lower rates.

[infinitelyblessed]

Yes we want to see the standard processes and procedures for the fed. These need to be written in a manner in which a second grader can understand them and they also need to have quality and controls in place. We are over this Willy Billy nonsense.

[retroJakeheDog]

Keep her safe they will come after her