Senator Al Franken (D-MN) was pleased with the Senate’s historic vote to confirm Janet Yellen as the next Chair of the Federal Reserve Board today, praising her focus on unemployment and growing income inequality in a statement.
“I couldn’t be more pleased that the Senate confirmed Janet Yellen to be the next Chair of the Federal Reserve. With her substantial experience in the Federal Reserve System and as a bank regulator, Ms. Yellen brings the leadership necessary to successfully helm the Fed, which is exactly why I pressed President Obama to appoint her. I think her focus on reducing unemployment will help us address growing income inequality and continue us on the path of economic recovery, and I look forward to working with her.”
Franken urged President Obama to appoint Yellen in July of last year, based on her past experience.
My colleague Justin Baragona also noted Yellen’s focus on unemployment in his write up of this historic vote, “Yellen also seems highly concerned with unemployment and will likely steer the Fed’s policies in a way to help job creation.”
We can only hope, as the one thing this country really needs is a big push behind job creation to overcome the Republicans stubborn refusal to do anything that would help the economy.