On June 6th Peter Diamond withdrew his name from consideration for appointment to the Federal Reserveboard after his nomination drew opposition from congressional Republicans.
In addition, the Board annually provides the Congress with a separate report that provides detail on the budgets, budget process, income, and expenses of the Board and the Reserve Banks. 3.
The central bank now publishes projections for growth, inflation and unemployment twice a year, based on estimates by board members and regional reserve Banks.