Judy Shelton, a former nominee for the Federal Reserve board, is joining the U.S. Treasury as an adviser to Treasury Secretary Scott Bessent. Bloomberg reports Bessent appoints her as a senior adviser, with a remit that includes advising on issues such as China’s financial system. Other outlets describe the role as a counsel-like position supporting the Treasury secretary’s work.
Shelton has previously held roles including leading the European Bank for Reconstruction and Development and serving with the National Endowment for Democracy, according to The Hindu. CNBC adds that her economic views drew controversy and that the U.S. Senate blocked her Federal Reserve nomination. Across coverage, she is also characterized as being associated with a “gold-standard” perspective.
The reports are consistent on the appointment and on Shelton’s prior Federal Reserve nomination and experience. They differ mainly in emphasis, with some highlighting specific policy topics she will advise on and others focusing on the political context surrounding her blocked nomination.
