WASHINGTON, D.C. [11/22/21]—Today, U.S. Senator Tina Smith (D-Minn.) released the following statement in response to President Biden’s nomination of Jerome Powell and Dr. Lael Brainard to serve as Chair and Vice Chair of the Board of Governors of the Federal Reserve System, respectively:

“Jay Powell and Lael Brainard are highly qualified and dedicated public servants. I have confidence that together, they can guide us through complicated economic times as we emerge from the pandemic.”

Sen. Smith is a member of the Senate Banking, Housing, and Urban Affairs Committee which will hold hearings on Powell and Brainard’s nominations.