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WASHINGTON (NewsNation Now) — President Joe Biden on Thursday withdrew from consideration former President Donald Trump’s contentious nomination of Judy Shelton to fill a vacant seat at the Federal Reserve.
Shelton has been criticized 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.
The U.S. Senate voted against confirming Shelton on Nov. 17, 2020.
Reuters contributed to this report.
