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 was the primary reason for the economist's withdrawal from the Fed Board of Governors nomination?

• Lobbying efforts by the banking industry

• Personal reasons

• Health issues

• Lack of qualifications

How many vacancies are currently present on the Fed Board of Governors?

• One

• Two

• Three

• Four

What expertise would the economist have brought to the Fed Board of Governors?

• Environmental economics

• International trade

• Financial stability and regulation

• Monetary policy

What is the president's preference regarding the type of officials for the Fed Board?

• Aggressive

• Neutral

• Dovish

• Hawkish

What issue related to the Fed was highlighted by the current and former Fed chairs?

• Interest rates

• Diversity

• Inflation

• Unemployment