Nobel prize winner Peter Diamond has withdrawn his nomination to the Federal Reserve, citing opposition by Senate Republicans.
A Nobel Prize-winning economist who President Barack Obama nominated to the Federal Reserve Board says he understands why despite his accolades the position is out of his reach, at least for now.
Three economists will share the 2010 Nobel Prize for their work on how government policy affects unemployment, the Royal Swedish Academy of Sciences announced on Monday.
President Obama's three picks for seats on the Federal Reserve Board of Governors told lawmakers Thursday that they would implement lessons learned from the financial crisis.
After months of speculation, President Obama finally named names on Thursday, saying who he plans to nominate to the Federal Reserve's board of governors.