US Treasury Secretary Bessent hires Judy Shelton as advisor on China

Judy Shelton: Judy Shelton is an economist who previously led the European Bank for Reconstruction and Development and the National Endowment for Democracy while also serving as a fellow at the Independent Institute and the Hoover Institution at Stanford University. She was nominated by President Donald Trump for a Federal Reserve Board seat during his first term, though the nomination encountered bipartisan concerns regarding perceived partisanship. Shelton is now serving as an advisor to Treasury Secretary Scott Bessent, concentrating on currency policy with particular attention to financial conditions in China. Scott Bessent: Scott Bessent is the US Treasury Secretary. He has brought on Judy Shelton, President Donald Trump’s former Federal Reserve nominee, as an advisor to focus on currency policy and evaluations related to China. This move reflects the Secretary’s approach to building expertise within the Treasury Department on international economic issues. US Department of the Treasury: The US Department of the Treasury is the federal executive department responsible for managing government finances, economic policy, and international financial matters. In this development, the department announced that Secretary Scott Bessent has appointed Judy Shelton as an advisor with a focus on currency policy and China. The announcement positions the Treasury at the center of efforts to evaluate global financial conditions under the current administration. Appointment: Treasury Secretary Scott Bessent has selected an experienced economist with prior leadership in international financial institutions to advise on currency matters. Policy Focus: The new advisory role centers on assessing financial conditions in China as part of broader Treasury responsibilities.