FEDERAL RESERVE/GOP/SENATE/TRUMP PEOPLE: “President Trump’s decision to nominate Nellie Liang, a seasoned financial regulator, to the Federal Reserve’s board of governors is eliciting a rare show of public opposition from some Senate Republicans, who want the Fed to loosen its grip on large banks. Those Republicans, including members of the Senate Banking Committee, have continued to express concerns about Ms. Liang’s record on financial regulation despite continuing efforts by the White House and by the Fed’s chairman, Jerome H. Powell, to make the case for Mr. Trump’s pick. Ms. Liang, 60, is a longtime Fed official who played a major role in the construction of stronger regulations after the 2008 financial crisis. In the years afterward, she led a new department focused on monitoring financial stability. She left the Fed last year to join the Brookings Institution, where she is a senior fellow in economic studies.”
–Binyamin Appelbaum, “Trump’s Newest Fed Nominee Faces G.O.P. Opposition,” The New York Times online, October 23, 2018