WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday withdrew from consideration Donald Trump’s contentious nomination of Judy Shelton to fill a vacant seat at the Federal Reserve.
Shelton had come under fire for inconsistent and controversial views, including an embrace of the gold standard and a shifting stance on interest rates as control of the White House passed from Democrat Barack Obama to Trump, a Republican.
(Reporting by Andrea Shalal; Editing by Leslie Adler)
