Trump pick for Fed seat says doesn't want to pull rug from under market-CNBC

WASHINGTON, July 5 (Reuters) - An economist tapped by U.S. President Donald Trump for a governorship at the Federal Reserve said on Friday she did not think policymakers should pull the rug out from under financial markets, according to CNBC.

Judy Shelton, who Trump said earlier this week was his pick for an open seat on the Fed's Board of Governors, also said she thought it was unfair for countries to use monetary policy to engineer a competitive edge with devalued currencies. (Reporting by Jason Lange Editing by Chizu Nomiyama)