November 03, 2017

Statement from Senator Elizabeth Warren on New Fed Chair

Washington, DC - U.S. Senator Elizabeth Warren today issued the following statement in response to President Trump's announcement that he will nominate Jerome "Jay" Powell as the next Chairman of the Federal Reserve System:

"Janet Yellen has been one of the most successful Fed Chairs in history and she deserved to be re-nominated - just as every prior Fed Chair has been re-nominated, regardless of party, since 1979.  President Trump's refusal to name Chair Yellen demonstrates that his focus is not on creating jobs or raising wages or stopping another financial crisis, but on reversing any decision President Obama made.  While Jay Powell is on record supporting most of Chair Yellen's efforts to put more people to work and strengthen financial rules, I want to know if he will continue those efforts as Chair of the Federal Reserve."