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U.S. President Donald Trump on Wednesday nominated former Federal Reserve economist Nellie Liang to the U.S. central banks board of governors, the White House said Wednesday.
Liang established the Fed's Division of Financial Stability in 2010. She joined the Brookings Institution in 2017.
Liang has a strong background on financial and monetary stability, including crisis response, and is considered a good fit for the Fed board.
Liang is a senior fellow in economic studies at the Brookings Institution and a visiting scholar at the International Monetary Fund's monetary and capital markets department.
She previously served as director of the division of financial stability at the Fed board of governors.