Ryan McCarthy:

Twitter / mccarthyryanj:

It just occurred to me that I've been reading/editing "Bernanke calls on Congress to spend" stories for more than 3 years…

(via DeLong)
 

Federal Reserve Confirmation by DeLong

To my knowledge:

• Two people whom Obama intended to nominate or nominated to the Federal Reserve have been refused confirmation: Peter Diamond and Rich Clarida in 2010-2011.
• Two people whom George W. Bush intended to nominate or nominated to the Federal Reserve have been refused confirmation: Larry Klane and Randy Kroszner in 2008.
• Two people whom Bill Clinton intended to nominate or nominated to the Federal Reserve have been refused confirmation: Alicia Munnell and Felix Rohatyn in 2005-6.
• Before then… to my knowledge, at least, you have to go back to 1914 and President Woodrow Wilson and the first batch of nominations to get any other examples: Thomas Jones, Richard Olney, and Harry Wheeler.