Biden Withdraws Judy Shelton Fed Nomination

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President Biden on Thursday formally withdrew Judy Shelton’s nomination to the Federal Reserve Board, closing the book on her quest to join the central bank.

Shelton’s nomination was withdrawn with more than two dozen other officials nominated by former President Trump in January shortly before he left office.

The Democratic takeover of the Senate in January effectively ended Shelton’s chances of confirmation, and Biden’s withdrawal of her nomination does little more than clear the way for his eventual pick to fill the final vacant spot on the Fed board.

Biden has not yet indicated who he would nominate in Shelton’s place.

Read more at The Hill.

{Matzav.com}


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