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Trump Picks Expert on Regulation for Federal Reserve Board [The New York Times]

Northern Trust Corporation (NTRS) 
Last northern trust corporation earnings: 4/21 07:29 am Check Earnings Report
Image Nellie Liang, one of President Trump’s nominees for the Fed’s board of governors, played a key role in the “stress tests” of 2009. Credit Credit Brookings Institution By Binyamin Appelbaum Sept. 19, 2018 WASHINGTON — President Trump nominated Nellie Liang, a longtime Federal Reserve staff member who is an expert on financial regulation, on Wednesday to join the Fed’s board of governors. Ms. Liang, 60, played a key role in the Fed’s efforts to tighten oversight of the financial system after the 2008 crisis, including the creation of a new Fed department focused on monitoring financial stability. She is well known and well regarded in the close-knit world of central banking, and Mr. Trump’s decision was applauded by her peers. Carl R. Tannenbaum, the chief economist at Northern Trust, called the nomination an “inspired choice.” Ms. Liang, a registered Democrat, would bring to the Fed’s board deep experience on questions of regulation and the stabil Show less Read more
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