This morning the Committee is hosting Dr. Janet Yellen, the distinguished nominee for the position of the Chairman of the Council of Economic Advisers. Dr. Yellen last appeared before this Committee nearly three years ago, in July of 1994, when she was nominated to serve on the Board of Governors of the Federal Reserve System. While on the Board of Governors, Dr. Yellen focused on the important issues of consumer credit and small business lending.
Dr. Yellen, during your distinguished academic background and your tenure at the Federal Reserve, you have much experience in providing independent economic views. I trust that the Congress can continue to count on you to provide this type of candid advice to the President as the chief economic adviser, particularly on issues like the importance of a meaningful balanced budget proposal and serious entitlement reform.
The Committee anticipates acting expeditiously on Dr.
Yellen's nomination. We look forward to hearing your remarks
and to a thoughtful discussion of the important economic
issues facing this country.
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