Mike Johanns to Oppose Diamond Nomination to Federal Reserve

WASHINGTON – U.S. Senator Mike Johanns (R-Neb.) today announced his opposition to the nomination of Peter Diamond to the Federal Reserve Board of Governors. Johanns is a member of the Senate Banking Committee, which will vote Thursday on whether to advance Diamond's nomination to the Senator floor. "With our country spending its way into a crisis, I can no longer support a nominee so vocally in favor of more spending, more stimulus, and more quantitative easing," Johanns said.

"We must be increasingly wary of the threat of inflation, yet the Fed continues to print money with reckless abandon. Because this nominee's recent comments in support of more stimulus and quantitative easing have demonstrated such an alarming lack of concern over our spending and fiscal realities, I cannot support his nomination."

TEXT CREDIT: U.S. Senator Mike Johanns for the State of Nebraska: Washington, D.C. Office: 404 Russell Senate Office Building Washington, DC 20510 Tel: (202) 224-4224 Fax: (202) 228-0436 Hours: 8:30 a.m. - 6:00 p.m. ET

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