Janet Yellen, Sarah Bloom Raskin And Peter Diamond To Be Nominated To Fed Board By Obama

For those unfamiliar with the latest batch of doves, here you go:

Janet Yellen

Dr. Yellen is professor emeritus at the University of California at Berkeley where she was the Eugene E. and Catherine M. Trefethen Professor of Business and Professor of Economics and has been a faculty member since 1980.Dr. Yellen earlier took leave from Berkeley for five years starting August 1994 when she served as a member of the Board of Governors of the Federal Reserve System through February 1997, and then left the Fed to become chair of the Council of Economic Advisers through August 1999. She also chaired the Economic Policy Committee of the Organization for Economic Cooperation and Development from 1997 to 1999.Dr. Yellen is a member of both the Council on Foreign Relations and the American Academy of Arts and Sciences and a research associate of the National Bureau of Economic Research. She also serves on the board of directors of the Pacific Council on International Policy, and in the recent past, she served as president of the Western Economic Association, vice president of the American Economic Association and was a Fellow of the Yale Corporation.Dr. Yellen graduated summa cum laude from Brown University with a degree in economics in 1967, and received her Ph.D. in Economics from Yale University in 1971. She received the Wilbur Cross Medal from Yale in 1997, an honorary doctor of laws degree from Brown in 1998, and an honorary doctor of humane letters from Bard College in 2000. An assistant professor at Harvard University from 1971 to 1976, Dr. Yellen served as an economist with the Federal Reserve's Board of Governors in 1977 and 1978, and on the faculty of the London School of Economics and Political Science from 1978 to 1980.

Sarah Bloom Raskin

Sarah Bloom Raskin was appointed on August 28, 2007 as Maryland's Commissioner of Financial Regulation. Prior to her appointment, Ms. Raskin accumulated extensive experience in the financial industry from a range of perspectives in policy, regulatory and legal roles. Immediately prior to joining the Office of Financial Regulation, Mrs. Raskin served as Managing Director at Promontory Financial Group. Mrs. Raskin was also Banking Counsel to the Senate Banking Committee (the U.S. Senate Committee on Banking, Housing and Urban Affairs) and has worked at the Federal Reserve Bank of New York and the Joint Economic Committee of Congress. Sarah is a 1986 graduate of Harvard Law School. Sarah also graduated from Amherst College in 1983, where she graduated magna cum laude in Economics, and Phi Beta Kappa. She is a recipient of the James R. Nelson Award in Economics.

Peter Diamond

Peter Arthur Diamond (born April 29, 1940) is an American economist known for his analysis of U.S. Social Security policy and his work as an advisor to the Advisory Council on Social Security in the late 1980s and 1990s. Diamond earned a bachelor's degree in mathematics from Yale University in 1960 and defended a Ph.D. at the Massachusetts Institute of Technology in 1963. He was an assistant professor at the University of California, Berkeley from 1964-65 and an acting associate professor there before joining the MIT faculty as an associate professor in 1966. Diamond was promoted to full professor in 1970, served as head of the Department of Economics in 1985-86 and was named an Institute Professor in 1997. Diamond was in 1968 elected a fellow and served as President of the Econometric Society. In 2003, he served as president of the American Economic Association. He is a member of the National Academy of Sciences and a Fellow of the American Academy of Arts and Sciences. Fellow of the American Academy of Arts and Sciences (1978), and Member of the National Academy of Sciences (1984), and is a Founding Member of the National Academy of Social Insurance(1988). Diamond was the 2008 recipient of the Robert M. Ball Award for Outstanding Achievements in Social Insurance, awarded by NASI. In March, 2010, Diamond was mentioned as a possible Barack Obama nominee to the Federal Reserve Board. Diamond wrote a book on Social Security with Peter R. Orszag, President Obama's director of the Office of Management and Budget, titled Saving Social security: a balanced approach (2004,-5, Brookings Institution Press). An earlier paper from Brookings Institution introduced their ideas.