With the nomination of Judge Sonia Sotomayor to the Supreme Court, Washington now whips itself into the usual confirmation frenzy. By contrast, when a president offers nominees to the Federal Reserve Board, there is little, if any, recognition and debate.
I predict Fed nominees will soon face bruising confirmation battles similar to those of judicial nominees. The battles won't be as intense; a spirited debate about whether a Fed nominee is a Keynesian or a monetarist will never capture public interest in the same way that a debate about a judge's stance on affirmative action does. But there will be more scrutiny.