Chairman Yarmuth Statement on President Biden’s Nomination of Federal Reserve Chairman Jerome Powell
Washington, D.C.— Today, Kentucky Representative John Yarmuth, Chair of the House Budget Committee, issued the following statement congratulating Federal Reserve Chair Jerome Powell on his nomination:
“I applaud President Biden’s decision today to nominate Federal Reserve Chair Jerome Powell,” said Chairman Yarmuth. “Chair Powell’s leadership and commitment to monetary policies that prioritize broad, full employment have helped support and steady our ongoing economic recovery. In the 10 months since President Biden took office, our nation has experienced the fastest economic growth in decades and the creation of nearly 6 million jobs.
“Congress has sent the Bipartisan Infrastructure Deal to President Biden’s desk with the Build Back Better Act soon to follow. With these critical fiscal investments and a consistent and focused Federal Reserve under Chair Powell, our nation will achieve the strong and inclusive recovery the American people need and deserve.”
# # #