“Diamond’s Fed Nomination Faces Renewed GOP Criticism”
“The Obama administration nominated Diamond as an ally to Federal Reserve Board Chairman Ben S. Bernanke and other members who have sought to provide an additional jolt of stimulus to the economy by buying long-term Treasuries. Such purchases lower long-term interest rates on mortgages and corporate bonds, encouraging consumers and businesses to borrow and spend.” Read more.
“Diamond’s Fed Nomination Faces Renewed GOP Criticism”
Megan Woolhouse
The Boston Globe, March 9, 2011.
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