The Senate Banking panel on Thursday approved Marvin Goodfriend’s nomination to a seat on the Federal Reserve board, in a close 13-12 vote that followed party lines. Final approval by the full Senate remains in doubt, analysts said, as liberal activists have urged Democrats to oppose the nomination. Goodfriend, an economics professor at Carnegie Mellon University, had a rough confirmation hearing last month, getting flustered as Democrats grilled him for being much too worried about inflation at the expense of unemployed workers.
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