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Report: Trump to pick Nellie Liang as Fed governor

Outside of the Eccles Building, which houses offices of the Board of Governors of the Federal Reserve System
The Eccles Building, location of the Fed's Board of Governors. Photo by Brooks Kraft/Getty Images

President Trump will nominate Nellie Liang, a 31-year Federal Reserve alum, to fill a vacant seat on the board of Fed Governors, the Wall Street Journal reports.

Why it matters: Liang's nomination is the last needed to fill 3 vacancies on the Fed's 7-seat board. The other two nominees — Michelle Bowman and Marvin Goodfriend — have yet to be confirmed by the Senate.