Meeks Statement on Janet Yellen’s Confirmation

Meeks Statement on Janet Yellen’s Confirmation

CongressmanGregory W. Meeks (D-NY), Ranking Member of the House Subcommittee on Financial Institutions and Consumer Credit, released the following statement upon the confirmation of Janet Yellen as Chairwoman of the Board of Governors of the Federal Reserve.

“Today’s Senate confirmation of Janet Yellen as Chairwoman, gives us strong confidence that the Federal Reserve’s economic policies will continue to be focused on average Americans who are still struggling in this difficult recovery. During her tenure as Vice-Chair, Ms. Yellen was a strong advocate for policies designed to combat the unemployment crisis, which has been particularly devastating for middle-class and low income Americans. As the next Chair, in seeking that crucial balance between stable prices and low unemployment, I hope that she will continue to push for a sustained economic recovery that is able to provide ample opportunities for all Americans.”

“Ms. Yellen’s confirmation as the first woman to assume such a strategic position in our nation’s monetary and financial affairs, speaks volumes to the progress we continue to make in the inclusion of women and minorities in positions of leadership. I congratulate her on this historic and well-deserved confirmation, and wish her well in her new and very important responsibilities.”