The U.S. Department of the Treasury has appointed economist Judy Shelton as a counselor in the Office of the Secretary. She will advise Treasury Secretary Scott Bessent on currency policy, with a particular focus on evaluating financial conditions in China. Shelton previously served as U.S. director of the European Bank for Reconstruction and Development and chair of the National Endowment for Democracy. Her work has focused on international finance, monetary conditions and exchange rates.