WASHINGTON, DC – U.S. Sen. Sherrod Brown (D-OH), Chairman of the Senate Banking Subcommittee on Financial Institutions and Consumer Protection, issued the following statement upon President Obama’s nomination of Janet Yellen to chair the Federal Reserve:
“Today is a historic moment for the Federal Reserve, for women everywhere, and for all of us who care about job creation. Governor Yellen will work to prevent future bailouts, boost our housing markets, and give the Fed’s mandate to maximize employment the attention it deserves. In the midst of a fragile economic recovery, it will be more important than ever to have a steady hand and consensus builder at the helm of the Fed. I urge my colleagues to give her full and fair consideration and a prompt confirmation.”
Brown spearheaded a letter signed by more than one-third of Democratic senators urging President Obama to nominate Yellen.