Trump's New Bretton Woods: The Fed Fight Nobody's Talking About

Judy Shelton's MSNBC challenge to Fed Keynesianism, Kevin Warsh's regime change, 1944 Keynes-vs-White Bretton Woods fight, How Trump's executive-branch credit channels and Rubio's India trip point to a Core Five alignment that bypasses London;

-- Barbara Boyd, --May 27, 2026

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Promethean Action

Judy Shelton argues that productive growth and rising wages are not inflationary, challenging the Federal Reserve's Keynesian framework and calling for a New Bretton Woods of low rates, stable exchange rates, and credit aimed at physical productivity. 


The episode frames her remarks alongside Kevin Warsh's “regime change” at a Fed seen as crushing demand while backstopping Wall Street, with warnings that a rate hike amid an Iran-war “oil shock” would worsen a supply problem.

It revisits the 1944 Bretton Woods fight between Roosevelt's Harry Dexter White and John Maynard Keynes, claiming the post-1971 system enabled deindustrialization and offshore finance. It then highlights the administration's alternative executive-branch credit channels and Secretary Rubio's India trip, including Quad critical minerals coordination, as part of a “Core Five” alignment (U.S., China, Russia, India, Japan) designed to bypass London-centered finance.

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Promethean Action—— We, former collaborators of Lyndon LaRouche, many for 50 years or more, founded the Promethean Action organization in 2024, changing the name from LaRouche PAC Action. The Political Action Committee, LaRouchePAC, also changed its name, becoming Promethean PAC. Our intention is to apply the ideas of LaRouche, as we understand them, to the profound economic, political and cultural challenges now facing the United States and the world.