Judy Shelton's economic views are highly controversial; the Senate rejected her nomination for Federal Reserve Governor; now she has been hired as an advisor to US Treasury Secretary Scott Bessent. The US Treasury Department said that Shelton will provide Bezent with advice on exchange rate policy. The US Treasury Department will issue an announcement later this Friday saying, “In her career, she has long focused on analyzing domestic monetary and financial situations in various countries and the impact of these factors on exchange rates.” At the time of the announcement of this appointment, senior personnel in the Ministry of Finance were in a turbulent phase. According to a recent media report, as of the end of August, 7 Ministry of Finance officials confirmed by the Senate had left their posts, and currently only one position had been filled. Besant recently appointed David Zellworth, Jefferies's former chief market strategist, as an advisor, the same title as Shelton. Both Shelton and Xelworth's appointments did not require Senate approval.

Judy Shelton's economic views are highly controversial; the Senate rejected her nomination for Federal Reserve Governor; now she has been hired as an advisor to US Treasury Secretary Scott Bessent. The US Treasury Department said that Shelton will provide Bezent with advice on exchange rate policy. The US Treasury Department will issue an announcement later this Friday saying, “In her career, she has long focused on analyzing domestic monetary and financial situations in various countries and the impact of these factors on exchange rates.” At the time of the announcement of this appointment, senior personnel in the Ministry of Finance were in a turbulent phase. According to a recent media report, as of the end of August, 7 Ministry of Finance officials confirmed by the Senate had left their posts, and currently only one position had been filled. Besant recently appointed David Zellworth, Jefferies's former chief market strategist, as an advisor, the same title as Shelton. Both Shelton and Xelworth's appointments did not require Senate approval.