Macro Finance
Treasury's Bessent hires Trump's controversial former Fed board pick, Judy Shelton, as adviser
CNBC Economy·October 9, 2026·1 min read
Treasury Secretary Bessent has hired Judy Shelton, President Trump's former Federal Reserve board pick, as a counselor. The Senate blocked Shelton's 2020 nomination over her controversial economic views. Her new role advising the Treasury secretary was confirmed by the department, which said she will focus on economic policy and international financial issues.
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