CBA Statement on Governor Jay Powell’s Confirmation as Federal Reserve Chairman

January 23, 2018

WASHINGTON, D.C. – Consumer Bankers Association President and CEO Richard Hunt released the following statement after the Senate confirmed Governor Jerome Powell to serve as Federal Reserve Board Chairman, succeeding Janet Yellen:

“We congratulate Governor Jay Powell on his confirmation to serve as Federal Reserve Board Chairman. As Chair, he brings a unique blend of private and public sector experience as well as a keen intellect and a sound understanding of monetary and regulatory policy. We look forward to working with Chair Powell to ensure regulatory policies keep the banking industry healthy and benefit American consumers,” said CBA President & CEO Richard Hunt.

“We thank current Fed Chair Janet Yellen for her service and commitment to ensuring a strong and sound financial system.”