Peter Diamond dejectedly walked home
To find naught 'neath the tree
For a Fed nominee
But the medal he picked up in Stockholm.
The US Senate adjourned for the holidays without taking a vote on the confirmation of MIT economist Peter Diamond, President Barack Obama's nominee for the board of the Federal Reserve. Dr. Diamond, who shared this year's Nobel Prize in economics for his research of the labor market, will face a tougher confirmation fight in 2011, when the Senate returns with more newly elected Republicans.
Happy Holidays to Peter Diamond and all readers of Limericks Économiques!