Peter Diamond was nominated by President Obama to the Federal Reserve Board six months ago. He is still awaiting confirmation because Richard Shelby the GOP Senator from Alabama thinks he isn't qualified because he doesn't have a sufficiently broad macro-economic background. Only two of the five current Fed Governors have that kind of experience which suggests the problem is no qualifications but political.
Yesterday Peter Diamond was awarded the Nobel prize for Economics. Will that make a difference to Shelby? Probably not; Isn't the Nobel Prize some sort of socialist conspiracy that gave Obama some sort of award?