U.S. president Joe Biden withdrew the nomination of former President Donald Trump's controversial candidate for Fed governor Judy Shelton on Thursday local time.

Sheldon, an informal adviser to Trump's 2016 campaign, has been criticized and questioned for her non-mainstream policy views, including support for the gold standard. There are also fears that she could become a pawn for Trump's political influence on Fed policy.

Sheldon, a long-time critic of the Fed, is a close ally of Donald Cudlow, Trump's economic adviser. She is seen as too partisan to endanger the Fed's independence.