From Bloomberg:
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.
Press release here.
Even in these surprising times, I am surprised by this appointment. Dr. Shelton has opined on wage rigidity, on the Soviet economy, on the veracity of government GDP statistics, on currency manipulation, crypto, and gold. But on China’s financial system?