Key facts
- Judy Shelton has been appointed as an adviser to Treasury Secretary Scott Bessent.
- Shelton will focus on evaluating financial conditions in China and currency policy.
- Shelton was previously nominated by President Trump for a Federal Reserve Board seat.
- Bipartisan concerns over Shelton's partisanship reportedly stalled her Federal Reserve nomination.
- Shelton has advocated for a return to the gold standard and sound money principles.
Treasury Secretary Scott Bessent has appointed Judy Shelton, a former nominee for the Federal Reserve Board under President Donald Trump, as an adviser. The Treasury Department announced the hiring on Friday, stating Shelton will focus on evaluating financial conditions in China and currency policy.
Shelton's previous roles include leading the European Bank for Reconstruction and Development and the National Endowment for Democracy, as well as fellowships at the Independent Institute and the Hoover Institution at Stanford University. During Trump's first term, her nomination to the Federal Reserve faced opposition due to concerns about her perceived partisanship potentially impacting the central bank's independence.