NCUA Board Member Gigi Hyland doesn’t have to order a moving van any time soon. Even though her term on the board expired on Aug. 2, President Obama hasn’t nominated anyone to succeed her.
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."
WASHINGTON — Treasury Secretary Tim Geithner criticized unnamed “dark forces” who are trying to undermine the implementation of last year's financial overhaul bill.
The third time may not be the charm for Nobel Laureate Peter Diamond’s effort to get on the Federal Reserve.
President Obama resubmitted to the Senate the nomination of Nobel Prize winning economist Peter Diamond to the Federal Reserve.
President Obama's three nominees for seats on the Federal Reserve Board told lawmakers today that they would support policies to encourage more economic growth and be stronger regulators of financial institutions.