Peter Diamond, a professor at MIT whose nomination to the Federal Reserve has been blocked by Senate Republicans who say he lacks the needed expertise, announced last week he was withdrawing his nomination for the post on the board of the nation’s central bank.
MIT economist blocked by Republican senators who say Nobel winner not qualified for job; Diamond says "we should all worry."
ATLANTA -- Member Business Solutions LLC is encouraged by its ability to sustain itself during a sluggish economic recovery as evident of its more than 70 credit union partners and billions of dollars in loans under management,
With more than 70 credit union partners and billions of dollars in loans under management, Member Business Solutions LLC is encouraged by its ability to sustain itself during a sluggish economic recovery.
The political and policymaking sides of the Federal Reserve's role were in full view last week as the Fed kept interest rate the same and lawmakers dragged out the vote on Chairman Ben Bernanke's second term.
The Senate is likely to vote this week on the confirmation of Federal Reserve Chairman Ben S. Bernanke for a second term and there appears to be increasing support for him among lawmakers.