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Trump's Fed ex-nominee Shelton to advise Bessent, Treasury says
Shelton will advise Bessent on currency policy and financial conditions in China, as Treasury fills senior posts without Senate approval.
- On Friday, Treasury Secretary Scott Bessent appointed Judy Shelton as a counselor to advise on currency policy, with a particular focus on "evaluating financial conditions in China." The appointment requires no Senate confirmation.
- In 2019, a bipartisan group of Senators rejected Shelton's nomination to the Federal Reserve over her views on Fed independence and the gold standard. This rejection establishes her controversial economic record.
- Shelton holds a Ph.D. in business administration from the University of Utah and served as a senior fellow at the Hoover Institution. She authored "Money Meltdown" in 1988 and "The Coming Soviet Crash" the following year.
- Bessent recently named David Zervos, former chief market strategist at Jeffries, as a counselor—neither position requires Senate approval. This approach allows the Treasury to bypass legislative confirmation.
- A Wall Street Journal report identified seven Senate-confirmed officials who departed the Treasury through August, reflecting broader departmental turnover. Shelton's appointment signals Bessent's effort to reshape the advisory team.
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Trump’s Fed ex-nominee Shelton to advise Bessent, Treasury says
Oct 9 (Reuters) - US Treasury Secretary Scott Bessent has hired Judy Shelton, President Donald Trump's former pick for the Federal Reserve Board, as an adviser with a particular focus on China, the Treasury Department said on Friday. Shelton previo...
Trump's Fed ex-nominee Shelton to advise Bessent, Treasury says
US Treasury Secretary Scott Bessent has hired Judy Shelton, President Donald Trump's former pick for the Federal Reserve Board, as an adviser with a particular focus on China, the Treasury Department... -October 09, 2026 at 08:23 am EDT MarketScreener
·Annecy, France
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Total News Sources17
Leaning Left2Leaning Right0Center9Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
L 18%
C 82%
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