Sarah Bloom Raskin, President Joe Biden’s embattled nominee to the Federal Reserve, withdrew her candidacy to serve at the central bank.
Raskin’s withdrawal ends a weekslong partisan battle in the Senate over her views on climate policy.
The move came a day after Sen. Joe Manchin, a conservative Democrat from West Virginia, said he could not support her nomination.
Biden had picked Raskin — a former Fed governor and deputy Treasury secretary — to be the Fed’s next vice chair for supervision, one of the world’s most powerful banking regulators.
