01/14/2022 | Press release | Distributed by Public on 01/14/2022 11:04
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 nominations of the Honorable Sarah Bloom Raskin for Federal Reserve Vice Chair for Supervision; and Dr. Lisa Cook and Dr. Philip Jefferson for Governors of the Federal Reserve.
"With these nominees, President Biden is showing the country what a Federal Reserve standing on the side of workers and their local communities looks like. We need leaders who will ensure that workers and their families reap the benefits of the economic growth they create, and who will not repeat past mistakes that led to a booming recovery for Wall Street, and a weak one for everyone else. Throughout their long, distinguished careers, they've proven they understand how our economy works - and who makes it work. They will also bring important perspectives to the Federal Reserve Board about the economic issues women, Black and brown workers, and rural and industrial communities across the country face. I urge my colleagues to support these nominees and look forward to their hearings before the Banking and Housing Committee."