JudyShelton News & Analysis

Treasury Adds Judy Shelton as Adviser Amid High Turnover

Judy Shelton, previously rejected for a Federal Reserve position due to her views on monetary policy, has been appointed as an adviser to Treasury Secretary Scott Bessent. Shelton will focus on currency policy and evaluating China's financial conditions. Her appointment comes amid significant turnover at the Treasury, with seven Senate-confirmed officials having left through August, and only one being replaced so far. Shelton, known for her controversial economic ideas, has a background in analyzing international monetary systems. She will not require Senate confirmation for her new advisory role. Her past nomination to the Federal Reserve was blocked by a bipartisan group of Senators due to her views on Fed independence and the gold standard. This appointment may impact Treasury's approach to currency policy, as Shelton brings a non-traditional perspective. Given the current high turnover at the Treasury, her role is likely part of a broader restructuring effort.