JANUARY 31, 2022

Elizabeth Fairchild

Washington, DC — As the U.S. rebounds from the pandemic, we urge the Senate to swiftly confirm President Biden’s nominees to the Federal Reserve to ensure successful management of the economy during this critical period.

The five Fed nominees represent a highly qualified, diverse, and respected slate. The nominees understand that the central bank’s primary focus is to keep inflation low and maximize employment opportunities in our labor market. They also recognize the potential tradeoffs that can occur when the Fed makes changes to monetary policy.

By confirming President Biden’s nominees, the Senate has the opportunity to diversify leadership at the Fed and establish a group of policymakers that will successfully execute the delicate balance between controlling prices and avoiding unnecessary job losses. 

All of the nominees are well-positioned to lead the Fed in the coming phase of the economic recovery and create a stronger, more inclusive labor market. We encourage the Senate to take swift action and confirm these nominees.



Business Forward helps local business leaders make the “business case” for climate action, affordable healthcare, immigration reform, diversity and inclusion, sensible tax laws, criminal justice reform, infrastructure investment, and other pro-growth reforms. These leaders brief policymakers, work with local media, publish op-eds, submit testimony, advocate online, and organize their communities. We also promote their recommendations through issue briefs, survey reports, training manuals, and podcasts. More than 650 mayors, governors, members of Congress, and senior Administration officials have participated in our briefings.