Obama Resubmits Peter Diamond's Fed Nomination to the Senate
Obama nominated Diamond, an MIT economist, in April, but the nomination failed to carry over through the Senate's summer recess because of objections from at least one lawmaker.
Christopher Dodd, chairman of the banking committee, said lawmakers should confirm the nominees before adjourning for the Nov. 2 midterm elections.
"It's very important we get it done in this three-week period if we can," Dodd said.
Obama is trying to fill two other positions at the Fed, with nominees for vice chairman and a governor position also awaiting confirmation.