All articles tagged with #judy shelton
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.
Treasury Secretary Scott Bessent has appointed Judy Shelton, whose 2019 Federal Reserve nomination was blocked by the Senate, as a counselor focused on currency policy and Chinese financial conditions. The move highlights ongoing staffing instability at the Treasury, where seven confirmed officials have departed since August, and follows the recent hiring of David Zervos. Shelton’s appointment bypasses Senate confirmation, allowing Bessent to add an adviser with controversial views on central banking and the gold standard without legislative approval.