Judy Shelton, Gold-Standard Enthusiast, Advising Treasury on China
Treasury Secretary Scott Bessent named Judy Shelton — a former nominee to the Federal Reserve board and a onetime gold-standard enthusiast — as an adviser to counsel him on issues including China's financial system, Bloomberg reported. Shelton has opined on wage rigidity, the Soviet economy, the veracity of government GDP statistics, currency manipulation, crypto and gold. It's a striking résumé against the particular brief she's been handed.
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The Econbrowser writer, hardly unused to surprising times, says he is surprised by this appointment anyway. That is saying something.
Her opined topics run to wage rigidity, the Soviet economy, GDP statistics, currency manipulation, crypto and gold. A China financial-system portfolio is a different résumé line.