Washington, DC – Oregon’s Senator Jeff Merkley issued the following statement after reports that Janet Yellen would be nominated to be Chair of the Federal Reserve.
“We need a Federal Reserve Chair who is both qualified and experienced, and who would look at policy-making through the lens of what’s best for the middle class. Janet Yellen is exactly that. She’s been one of the strongest voices on the Federal Reserve Board for job creation and the middle class and has been consistently correct in her economic predictions. Her experience as Vice Chair, and previously as President of the San Francisco Federal Reserve, makes her an incredibly qualified nominee.
“Thank you Mr. President, for this historic nomination. Janet Yellen, the first woman ever nominated for the position, is a great choice.”