Judy Shelton is a former economic advisor to President Donald Trump. She is known for her advocacy of the gold standard and her criticisms of the Federal Reserve. Trump announced her nomination to the Fed in July 2019. However, her nomination stalled in November 2020 after a 47-50 Senate vote. President Biden later withdrew her nomination in February 2021.
Judy Shelton was born in 1954.
Judy Shelton started working at the Hoover Institution in 1985.
Judy Shelton left the Hoover Institution in 1995.
In 1996, Judy Shelton worked on Bob Dole's presidential campaign.
In 1999, Judy Shelton expressed views supporting a global monetary authority in a Wall Street Journal op-ed.
In 2000, Judy Shelton advocated for open borders with Mexico and a single worldwide currency.
The Sheltons moved to Moss Neck Manor in 2005.
As of 2009, the Sheltons owned livestock and lived at Moss Neck Manor in Virginia.
In 2011, Judy Shelton publicly criticized the Federal Reserve, questioning its authority and oversight of the dollar.
In 2012, Judy Shelton became a senior advisor at TheGoldStandardNow.Org.
In 2012, Judy Shelton proposed the establishment of a "Universal Gold Reserve Bank" in the Cato Journal.
Judy Shelton joined the Trump presidential campaign in August 2016.
Judy Shelton supported the Republican Party's 2017 tax legislation.
Judy Shelton was confirmed by the Senate as the US Director of the European Bank for Reconstruction and Development in March 2018.
On July 2, 2019, President Trump announced his intention to nominate Judy Shelton to the Federal Reserve.
On July 3, 2019, President Trump officially announced his intention to nominate Judy Shelton to the Federal Reserve Board.
Judy Shelton resigned from her position at the EBRD in July 2019.
In 2019, Judy Shelton advocated for a return to the gold standard, suggesting a Bretton Woods-style conference.
In 2019, Judy Shelton questioned the Federal Reserve's independence from the White House.
Judy Shelton's confirmation hearings for the Federal Reserve Board took place in February 2020.
On July 21, 2020, the Senate Banking Committee voted to advance Judy Shelton's nomination to the full Senate.
On September 15, 2020, it was announced that a full Senate vote on Judy Shelton's nomination would be delayed until sufficient support could be secured.
Judy Shelton's nomination to the Fed stalled in the Senate on November 17, 2020, failing to receive enough votes.
On January 3, 2021, Judy Shelton's nomination was returned to President Trump.
Democrats took control of the Senate in January 2021, ending Shelton's chances of confirmation.
On February 4, 2021, President Biden officially withdrew Judy Shelton's nomination to the Fed.
President Biden withdrew Judy Shelton's nomination to the Fed in February 2021.
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