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Promoted to Headline (H2) on 6/5/11:
The Fed is for Bankers Only


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After Pres Obama appointed Peter Diamond for a seat on the Federal Reserve, he was blocked by Republicans in the Senate. (Democrats refused to push his nomination.) Last year, he won the Nobel Prize in Economics. Still, the Republicans contend he is unqualified to sit on the Fed. Prof Diamond's research has been in the area of employment and labor economics.

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