Fed Nominee Diamond Gets Brushback in Bid for Central Bank Seat

Peter A. Diamond, a professor at the Massachusetts Institute of Technology since 1966 and a diehard Boston Red Sox fan, last year shared the Nobel Prize in economics and was invited to throw out the first pitch at a home game in Fenway Park.

He’s getting a chillier reception in Congress, which has refused since August to confirm him as a Federal Reserve Board governor. President Barack Obama has nominated him three times, but Diamond, 70, has become a pawn in a game of political tit-for-tat, Bloomberg Businessweek reports in its April 4 issue.