Obama determined to appoint Diamond to Fed board

Capitol Hill

President Barack Obama on Wednesday renominated Peter Diamond, a professor at the Massachusetts Institute of Technology and Nobel laureate, to the Federal Reserve Board despite previous attempts by Senate Republicans to block his appointment.

Diamond, who was jointly awarded the Nobel Prize in economic sciences in October for research into labour market search friction alongside Dale Mortensen from Northwestern University and Christopher Pissarides from the London School of Economics, had been

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