People: Nellie Liang withdraws from Fed nomination; World Bank chief resigns
Trump nominee had played a key role in setting up the Fed’s stress tests; Kim was due to leave the presidency of the international lender in July 2022; further appointments in UK, Vietnam and Ghana
US: Nominee to the Federal Reserve board of governors Nellie Liang withdrew from the process on January 7.
“I have decided to withdraw my name from consideration to be a member of the board of governors of the Federal Reserve because the likelihood of a prolonged process could have left me in professional limbo for too long,” said Liang in a statement.
President Donald Trump had nominated Liang in September 2018 for the remainder of a 14-year term due to expire on January 31, 2024.
“I have
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