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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12 Articles
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
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Investing.comTrump’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...
Judy Shelton, whose confirmation as a Federal Reserve Board member was rejected by the Senate, has been appointed as a counselor to U.S. Treasury Secretary Scott Bescent. The Treasury Department stated that Shelton will assist Secretary Bescent on monetary policy matters, but will "focus particularly on assessing China's financial conditions." Shelton is not classified as a China expert. In an official statement, the Treasury Department explai…
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