Judy Lynn Shelton (born 1954/55) is a former American economic advisor to President Donald Trump in his first term.

[2] She is known for her advocacy for a return to the gold standard and for her criticisms of the Federal Reserve (which she has compared to the Soviet Union's economic planning).

[12] However, shortly after Joe Biden won the presidential election, Senate Republicans appeared to move ahead to confirm her.

In a video interview with The Atlas Network, she described currency counterfeiter Bernard von NotHaus as "the Rosa Parks of monetary policy.

[21] After Trump took office, she was appointed as the United States director of the European Bank for Reconstruction and Development (EBRD); the U.S. Senate confirmed the nomination by voice vote in March 2018.

[27] Shelton describes herself as "highly skeptical" of the Federal Reserve's "nebulous" dual mandate of maximum employment and price stability.

[29][30][31] During the Trump presidency, she advocated for the Federal Reserve to adopt lower interest rates as a form of economic stimulus.

In her book Money Meltdown, she writes that "Eliminating federal deposit insurance would restore the essential character of banking as a vehicle for channeling financial capital into productive investment while striving to meet the risk and timing preference of depositors.

[35] In 2019, she said that she hoped for a new Bretton Woods-style conference where countries would agree to return to the gold standard, saying, "If it takes place at Mar-a-Lago that would be great.

[39] On July 3, 2019, President Donald Trump used his Twitter account to announce his intention to nominate Shelton and a regional Fed official, Christopher Waller, to the Federal Reserve board.

His previous nominees, former chairman of the Federal Reserve Bank of Kansas City Omaha Branch, Herman Cain and economic commentator Stephen Moore, had withdrawn for lack of Senate support.

[52] Senators Rick Scott and Chuck Grassley—crucial Republican votes needed to confirm Shelton's nomination—were absent due to quarantine measures enforced after being exposed to COVID-19.