McConnell Statement on Jerome Powell
‘I’m encouraged by President Trump’s choice of Jerome Powell to lead the Federal Reserve during this economic recovery.’
WASHINGTON, D.C. – Senate Majority Leader Mitch McConnell (R-KY) released the following statement regarding the president’s intention to nominate Jerome Powell to serve as Chair of the Board of Governors of the Federal Reserve System:
“I’m encouraged by President Trump’s choice of Jerome Powell to lead the Federal Reserve during this economic recovery. We need a more transparent and accountable Fed, and Jerome has indicated the same. I look forward to discussing Jerome’s vision for the Fed and our nation’s monetary policy soon.”
Background: The Senate will consider this nomination in a timely manner. Additional details regarding a confirmation hearing will be forthcoming from the Banking Committee.
Related Issues: Nominations, Economy