Bessent Appoints Judy Shelton as Senior Adviser on China Currency Policy
Treasury Secretary Scott Bessent has appointed Judy Shelton, a former Federal Reserve nominee, as a senior adviser focused on China. Shelton, a long-time advocate for the gold standard, will advise on currency policy and Chinese financial conditions. The role does not require Senate confirmation, bypassing the bipartisan opposition that blocked her previous Fed nomination in 2020.