WASHINGTON, DC – Senator Jack Reed, a senior member of the Senate Banking, Housing, and Urban Affairs Committee, issued the following statement on the nomination of Jerome H. Powell to serve as the next Chair of the Board of Governors of the Federal Reserve System: “I am disappointed President Trump did not retain Fed Chair Yellen. During her tenure, unemployment reached its lowest level since 2001, and she blazed a trail as the first woman to run the central bank. I hope she will choose to remain on the Fed’s Board of Governors for the foreseeable future. “Mr. Powell has…
Read More »