Brown Statement on Federal Reserve Chair Nominee Jerome Powell

WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH), ranking member of the Senate Banking, Housing, and Urban Affairs Committee, today issued the following statement on the nomination of Jerome H. Powell for Chairman of the Federal Reserve Board:

“Fed Chair Yellen has done an excellent job leading the Federal Reserve, contributing to one of the longest economic expansions in U.S. history.  I am disappointed she has not been re-nominated to serve as Chair,” said Brown. “I look forward to hearing more from Mr. Powell. Given the Fed’s role in implementing the post-crisis rules for Wall Street, I hope Mr. Powell won’t have the same amnesia that plagues the rest of the Administration. Many Ohioans are still paying the price for the financial recklessness that the Fed ignored a decade ago.”