- Bessent hired Shelton as adviser.
- Shelton will focus on currency policy and China.
- She was Trump's unsuccessful Fed nominee.
- She advocated gold standard and questioned Fed independence.
- Treasury Secretary Scott Bessent has hired Judy Shelton as an adviser. Shelton will focus on currency policy and evaluating financial conditions in China. She was Trump's unsuccessful nominee to the Federal Reserve board, known for advocating a return to the gold standard and expressing indifference to Fed independence. The hire comes as Bessent deals with rising US bond yields and the departure of several key Treasury officials.
The headline and the read are open. The reasons are one free account away, on every story.
One free account opens every story complete, the live board, the 30-day calendar, a watchlist and breaking alerts on your phone. No card. The wire stays free to read.
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
Create a free account · no card