Nellie Liang, a Trump nominee for the Federal Reserve Board of Governors who faced skepticism in the GOP Senate caucus, has withdrawn from consideration.
“We regret to announce that today Nellie Liang notified us that she has withdrawn from nomination to the Federal Reserve Board of Governors,” White House spokesperson Lindsay Walters said in an emailed statement. “We supported her nomination and believe she would have made a good Governor. We thank Nellie for her long career of public service and wish her well.”
Liang, a former economist at the central bank, now works as a scholar at the Brookings Institution and consults for the International Monetary Fund. If confirmed, she would have filled one of two available seats on the board.
Another Trump nominee, academic economist Marvin Goodfriend, also faced opposition to his nomination from at least one Senate Republican, Sen. Rand Paul R-Ky., and would have needed to have been renominated for the new Congress now in session. Walters did not immediately respond to a question as to whether President Trump wants to renominate him.
