Feb 01, 2020 · Trump's latest Fed pick heads to her confirmation hearing Thursday. She backs the gold standard, near-zero interest rates, and less central bank independence. Trump and Shelton will bring a return to the Gold Standard ... Jul 02, 2019 · — Donald J. Trump (@realDonaldTrump) July 2, 2019. After two of his other picks (Stephen Moore and Herman Cain) withdrew under pressure, Trump nominated another proponent of a return to the gold standard to the Fed board. That is three subsequent picks in favor of the Bretton Woods system, where the dollar is pegged to the value of gold.