US Treasury Secretary Taps Shelton as China Adviser
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The US Treasury Department announced on the 9th that Treasury Secretary Bessent has appointed Judy Shelton as an adviser focusing on China. Shelton is a figure whom US President Trump once nominated as a candidate for the Federal Reserve Board of Governors, and she has led the European Bank for Reconstruction and Development and the National Endowment for Democracy, and also served as a researcher at the Independent Institute and the Hoover Institution at Stanford University. During Trump's first administration, her nomination to the vacant Fed board seat stalled in confirmation amid bipartisan concerns that her seemingly partisan stance could undermine the Fed's independence. The Treasury Department said in a statement that Shelton will advise the Secretary on monetary policy, with a particular focus on assessing China's financial conditions.