Quotes of the Day

The US Federal Reserve building in Washington, DC
Monday, Jun. 06, 2011

Open quoteWe need to preserve the independence of the Fed from efforts to politicize monetary policy and to limit the Fed's ability to regulate financial firms.Close quote

  • PETER DIAMOND,
  • Nobel-winning economist, in an op-ed, announcing his withdrawal as a Federal Reserve Board of Governors nominee because of repeated opposition to his confirmation by Senate Republicans
Photo: Matthew Cavanaugh / EPA | Source: New York Times