Tuesday, October 12, 2010

Obama Fed nominee Peter Diamond wins Noble Prize for Economics
It is believed that Senate Republicans will ultimately not try a filibuster to block Professor Diamond now that he has been renominated. (His nomination was said to have been initially blocked in retaliation for a refusal by Democrats to give a full 14-year term to Randall S. Kroszner, who served on the Fed board from 2006 to 2009.)
If confirmed, Professor Diamond would complete a 14-year term that expires on Feb. 1, 2014.
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