Judy Shelton

Bessent Brings on Judy Shelton, Reviving a Controversial Monetary Debate

U.S. Treasury Secretary Scott Bessent has hired Judy Shelton, the former Trump nominee for the Federal Reserve Board whose views on monetary policy drew fierce criticism in Washington and on Wall Street, as an adviser, according to CNBC. The move signals that the Treasury is willing to elevate a long-time critic of the Fed’s post-crisis playbook at a moment when markets are closely watching the administration’s stance on rates, inflation, and central bank independence.