JANUARY 31, 2022
Contact:
Elizabeth Fairchild
efairchild@businessfwd.org
202-861-1270
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.
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