May 12, 2022

Brown Applauds the Confirmation of President Biden’s Federal Reserve Slate

Today, Sen. Sherrod Brown (D-OH), Chair of the Senate Committee on Banking, Housing, and Urban Affairs, issued the following statement after the Senate voted to confirm President Biden’s Federal Reserve slate, including The Honorable Jerome H. Powell for Chairman of the Federal Reserve:

“I congratulate Chair Powell, Vice Chair Brainard, Governor Jefferson, and Governor Cook on their confirmations and look forward to working with them to make our economy work for everyone,” said Brown. “All four have received unprecedented support from across the political spectrum – from the banking industry, state regulators, economists, former government officials, consumer groups, and civil rights advocates. I will continue to work with my colleagues to confirm the Vice Chair for Supervision nominee Michael Barr. I am confident all of the president’s nominees will fiercely guard the Fed’s independence, work to bring down prices, and put workers not Wall Street at the center of our economy.”

Brown took to the Senate floor today in support of President Biden’s Federal Reserve slate. Video of his speech is available here.