*Administration of Barack H. Obama, 2010 *

**Statement on the Awarding of the Nobel Memorial Prize in Economic Sciences to Peter A. Diamond and Dale T. Mortensen **

*October 11, 2010 *

I congratulate Peter Diamond and Dale Mortensen on winning the Nobel Prize in Economics for their groundbreaking economic research that has applications in a wide range of areas, like unemployment and housing, where we need our best and brightest minds. I have nominated Peter to the Board of Governors of the Federal Reserve to help bring his extraordinary expertise to our economic recovery. I hope he will be confirmed by the Senate as quickly as possible.

*Categories:* Statements by the President : Diamond, Peter A., Nobel Memorial Prize in Economic Sciences; Statements by the President : Mortensen, Dale T., Nobel Memorial Prize in Economic Sciences.

*Names:* Diamond, Peter A.; Mortensen, Dale T.

*Subjects:* Decorations, medals, and awards : Nobel Memorial Prize in Economic Sciences; Reserve System, Federal.

*DCPD Number:* DCPD201000865.