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JOHNSON WELCOMES NOMINATION OF JANET YELLEN TO BE FEDERAL RESERVE CHAIRMAN

October 9, 2013

WASHINGTON - Senate Banking Committee Chairman Tim Johnson (D-SD) released a statement on the expected nomination of Janet L. Yellen to be the next Chairman of the Board of Governors of the Federal Reserve System.
 
“I commend President Obama on his selection of Dr. Yellen to be the first woman to serve as Federal Reserve Chairman. She has a depth of experience that is second to none, and I have no doubt she will be an excellent Federal Reserve Chairman. In addition to having more than a decade’s worth of experience working on monetary policy at the Federal Reserve, Dr. Yellen has also worked at the White House as Chairman of the Council of Economic Advisors and taught at some of world’s most prestigious universities.  I will work with Ranking Member Crapo and the rest of the members of the Banking Committee to move her nomination forward in a timely manner.
 
“I also want to thank Chairman Bernanke for his incredible service to our country.  He served as Chairman during one of the most turbulent economic times in our nation’s history, and I believe our financial system is stronger and more stable today in part to his efforts.”
 
 
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