Nellie Liang, Senior Fellow – Economic Studies — Brookings profile

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A Brookings expert profile of Nellie Liang, Senior Fellow – Economic Studies at The Hutchins Center on Fiscal and Monetary Policy. It states that from July 2021 to January 2025 she served as under secretary for domestic finance at the U.S. Treasury Department, and that over three decades at the Board of Governors of the Federal Reserve System her positions included first director of the Division of Financial Stability from 2010 to 2017. Other roles listed are visiting scholar at the International Monetary Fund's Monetary and Capital Markets Department, lecturer at the Yale School of Management and member of the Congressional Budget Office's Panel of Economic Advisors. The profile lists a Ph.D. in economics from the University of Maryland and a B.A. in economics from the University of Notre Dame, and says she serves on the board of Nomura Holdings.

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Nellie
Liang

Senior Fellow – Economic Studies, The Hutchins Center on Fiscal and Monetary Policy

Nellie Liang is a senior fellow in The Hutchins Center on Fiscal and Monetary Policy at Brookings. From July 2021 to January 2025, she served as under secretary for domestic finance at the U.S. Treasury Department. Previously Liang served as a visiting scholar at the International Monetary Fund’s Monetary and Capital Markets Department, lecturer at the Yale School of Management, and a member of the Congressional Budget Office’s Panel of Economic Advisors. Over three decades at the Board of Governors of the Federal Reserve System, Liang held a range of positions, including as the first director of the Division of Financial Stability from 2010 to 2017. In that position, she oversaw the development of financial stability policies related to risks in financial firms and financial markets and interactions of financial policies with monetary policy. Her recent research has focused on the financial system and macroeconomic growth. Liang received a Ph.D. in economics from the University of Maryland and a B.A. in economics from the University of Notre Dame.

In addition to her Brookings position, Liang serves on the board of Nomura Holdings and gives speeches to financial companies on US financial regulations and the economy.

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