Former Fed nominee Liang now tapped to be next Treasury domestic finance leader

Nellie Liang – a nominee for the Federal Reserve Board in 2018 (but whose nomination was never considered by the Senate Banking Committee, let alone the full Senate) – will be nominated as Treasury undersecretary for domestic finance, the White House said Thursday.

The position is responsible for a wide variety of policy, including that for banks and other financial institutions.

Liang has served as a senior fellow in economic studies at the Brookings Institution in Washington and a visiting scholar at the International Monetary Fund’s (IMF) monetary and capital markets department, according to the White House. She is a member of the the Congressional Budget Office’s (CBO) panel of economic advisors.

She has also served as a staff member at the Federal Reserve, as director of the division of financial stability, and was a lecturer at the Yale School of Management, according to the White House.

Liang earned her B.A. in economics from the University of Notre Dame and Ph.D. from the University of Maryland, the White House said.

President Biden Announces Intent to Nominate Key Roles for the Department of Treasury