Fed Board Nominee Nellie Liang Withdraws From Consideration

The transcript discusses the withdrawal of a highly qualified economist from the Fed Board of Governors nomination due to lobbying efforts and career limbo. It highlights the current vacancies on the Fed Board and the lack of diversity and expertise in financial stability. The future of other nominations, such as Marvin Goodfriend, is uncertain, with a preference for dovish candidates.

What impact does her withdrawal have on the Fed Board of Governors?

What is the significance of having a nominee with crisis-era experience in Fed supervision?