Treasury Secretary Bessent Appoints Judy Shelton as Adviser

Treasury Secretary Scott Bessent has appointed Judy Shelton to serve as a counselor to the department. Shelton previously faced significant opposition during her nomination to the Federal Reserve Board of Governors. Her past economic proposals, including a return to the gold standard, led the Senate to block her confirmation. She will now transition into an advisory role within the Treasury. Market participants will monitor how Shelton's policy views influence future Treasury department initiatives.