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Bonds News

Biden withdraws Judy Shelton's nomination as Fed board member

WASHINGTON, Feb 4 (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

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