Scott Bessent appoints Judy Shelton as senior adviser on China

Summary

Treasury Secretary Scott Bessent has appointed Judy Shelton as a senior adviser to assist him on matters such as China's financial system and currency policy. Shelton, who has previously been nominated for a position on the Federal Reserve board and is known for her advocacy of the gold standard, brings a wealth of experience, having testified before Congress as an expert on international financial relations and consulted with national security officials regarding global economic developments.

Analysis

Judy Shelton: Judy Shelton is an economist and author with expertise in international financial and currency issues. She previously served as U.S. Director of the European Bank for Reconstruction and Development and Chairman of the National Endowment for Democracy, along with roles at the Hoover Institution and Independent Institute. She was recently appointed by Treasury Secretary Scott Bessent as a Counselor in the Office of the Secretary to advise on currency policy with emphasis on China's financial conditions. Scott Bessent: Scott Bessent serves as U.S. Treasury Secretary in the Trump administration, overseeing economic policy, bond market operations, and international financial engagements. He has recently testified before Congress on administration priorities and planned meetings with Chinese officials on trade and economic matters. Bessent appointed Judy Shelton as a senior adviser to focus on currency policy and China's financial system. Expert Background: Shelton has testified numerous times before Congress as an expert witness on international financial relations and consulted with national security officials on global economic developments. Appointment Details: Judy Shelton will advise the Treasury Secretary on currency policy with a particular focus on evaluating financial conditions in China.

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macropolitics

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