EconomyBessent hires controversial former Trump Fed pick Judy Shelton as adviser
Treasury Secretary Scott Bessent has hired Judy Shelton as an adviser. The Senate blocked her nomination to the Federal Reserve over her controversial economic ideas.

United States Secretary of the Treasury
United States Secretary of the Treasury (2025–)
| Born | 1962-08-21 · Conway, South Carolina |
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| Party | Republican |
| Offices |
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| Education | Yale University (BA) |
Portrait: United States Department of the Treasury · Public domain · Wikimedia Commons
What this person said on the record, as reported, newest first.

U.S. Treasury Secretary Scott Bessent said the United States and China should recognize their differences over artificial intelligence while exploring cooperation to reduce its risks and competing for AI supremacy.
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Reuters

Bessent said the United States and China should have no illusions as they both cooperate and compete on AI. During Xi’s September visit, Washington and Beijing agreed to start an AI dialogue and establish a communications channel to help defuse serious incidents.
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CNBC

The United States and China should recognize their differences on artificial intelligence while exploring cooperation to reduce the technology’s risks and competing for AI supremacy, Treasury Secretary Scott Bessent said Tuesday.
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Reuters

Treasury Secretary Scott Bessent holds a press conference for a fraud task force in St. Cloud, Minnesota.
TThe White House

Speaking at Ripple’s conference, U.S. Treasury Secretary Scott Bessent said crypto could help preserve the dollar’s leading position. He said SEC and CFTC action may fill the gap left by the Clarity Act’s failure while curbing crypto debanking.
CCoinDesk

Bessent cautioned Zelenskyy over allegations that the U.S. is slowing Starlink. The high-speed satellite internet service, provided by Elon Musk’s SpaceX, is critical to Ukraine’s defense.
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CNBC

Treasury Secretary Scott Bessent defended the Trump administration’s policies on Meet the Press after the president waived a sweeping Russia sanctions law and struck a diesel deal with Russian President Vladimir Putin.
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NBC News

In an exclusive Meet the Press interview, Treasury Secretary Scott Bessent does not definitively say whether Ukraine is a U.S. ally. His remarks follow Ukrainian President Zelenskyy’s claim that the U.S. government slowed Starlink, a critical satellite network Ukraine uses for defense.
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NBC News

In an exclusive interview with Meet the Press, Treasury Secretary Scott Bessent said an “energy supply shock” caused by the war in Iran is straining the U.S. economy and predicted that prices will come down afterward.
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NBC News

US Treasury Secretary Scott Bessent laid out a lengthy set of demands for the World Bank aligned with the Trump administration’s interests. They include lifting its ban on financing upstream oil and gas projects, directing resources toward deep-sea critical-mineral mining and changing procurement policies.
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Reuters
Reports that mention this person, by story.
Treasury Secretary Scott Bessent has hired Judy Shelton as an adviser. The Senate blocked her nomination to the Federal Reserve over her controversial economic ideas.

Treasury Secretary Scott Bessent discusses U.S. industry growth under the Trump administration, socialism and efforts to reduce nickel production costs on “The Ingraham Angle.”

Treasury Secretary Scott Bessent’s view that economic growth paired with spending restraint can bring down the federal deficit is drawing skepticism from market strategists, who point to the scale of current US borrowing.
US Treasury Secretary Scott Bessent risks boxing himself in with his predictions about gasoline prices, the housing market and the economy, potentially undermining his credibility.
Bloomberg’s Asia Trade leads with Brazil’s election heading to a runoff. The program also examines bond traders’ view that weak jobs data could allow the Federal Reserve to delay rate hikes, while Bessent downplays concerns about rising yields.

U.S. Treasury Secretary Scott Bessent said Tehran was unable to export any crude oil in September as the U.S. military blockade and economic pressure on Iran’s regime intensified.

The US Treasury Department has warned Wall Street that authorities are moving to curb some of the most aggressive investment strategies investors use to reduce their tax bills.
Nvidia CEO Jensen Huang said AI model distillation should be viewed as “competition,” while U.S. Treasury Secretary Scott Bessent has described it as “theft.”

David Zervos is joining the Treasury Department as counselor to Secretary Scott Bessent, bringing a prominent markets voice to the administration’s economic policy team.

Treasury Secretary Scott Bessent said Federal Reserve policymakers should remain open-minded about interest rates, arguing that productivity gains from artificial intelligence and deregulation will help keep US inflation under control.