Corrente

If you have "no place to go," come here!

Obama's nominees for the Federal Reserve

DCblogger's picture
Submitted by DCblogger on Thu, 04/29/2010 - 8:59am
Tags: 
Federal Reserve

Reuters

Besides Yellen, who would be vice chairman replacing outgoing No. 2 Donald Kohn, Obama will tap Sarah Raskin, a top banking supervisor for the state of Maryland, and economist Peter Diamond, who has written extensively about the government-run Social Security program, to fill Fed vacancies.

0
No votes yet

Comments

Submitted by jawbone on

...has frequently proposed policy adjustments, such as incremental but small increases in social security contributions using actuarial tables to adjust for changes in life expectancy and an increase in the proportion of earnings that are subject to taxation.

The Reuters articled identifiedhim as a behavioral economist.

He also coauthored with Peter Orszag a bood on SocSec titled Saving Social security: a balanced approach (2004,-5, Brookings Institution Press). Wiki says this Brookings paper introduced the ideas fleshed out in the book.

And, he turned 70 today. Happy B'day, Mr. Diamond.