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Economist Nellie Liang Is a Leading Contender for Senior Treasury Post

Nellie Liang, an economist who specialized in financial stability during her career at the Federal Reserve, is a leading contender for a senior post in the Biden administration’s Treasury Department, according to people familiar with the matter.

Ms. Liang is being considered for a position as the U.S. Treasury’s undersecretary for domestic finance. She was nominated by President Trump to a seat on the Fed’s seven-member board of governors in 2018, but her nomination ran into opposition from Senate Republicans. Her nomination never had a committee hearing, and she withdrew from consideration after her nomination expired in early 2019.

A spokesman for the Biden transition team declined to comment. Ms. Liang declined to comment.

Ms. Liang is currently a senior fellow at the Brookings Institution, the same Washington think tank where Treasury Secretary-designate Janet Yellen worked after leaving the Fed in 2018.

No final decisions have been made and an announcement isn’t likely to happen before Jan. 20, when President-elect Joe Biden will take office.

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