WASHINGTON, D.C. – Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after President Biden announced the renomination of Jerome Powell for Chair of the Federal Reserve Board of Governors:

“Chair Jerome Powell has led our economy through a historic pandemic, and under his and President Biden’s leadership, unemployment has fallen and workers are seeing increased bargaining power. The Federal Reserve must continue to help steer our economic recovery in the right direction – toward full employment and an economy that empowers workers and their families. I look forward to working with Powell to stand up to Wall Street and stand up for workers, so that they share in the prosperity they create,” said Sen. Brown.

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