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What was the main reason Peter Diamond withdrew his Federal Reserve nomination?
Personal reasons
Health issues
Republican opposition
Lost interest
Answer
Republican opposition, primarily due to concerns about Diamond's support for government intervention in the economy and his views on Social Security reform, led to Peter Diamond's withdrawal of his nomination to chair the Federal Reserve.
Diving into Economics: The Peter Diamond Quiz!
More Questions
How long did Republican opposition hold up Diamond's Federal Reserve nomination?
What role did Diamond serve on regarding Social Security?
In what decade did Peter Diamond advise the Advisory Council on Social Security?
Which other economist won the Nobel Prize alongside Diamond in 2010?
What position does Peter Diamond hold at MIT?
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