Washington, DC – Oregon’s Senator Jeff Merkley issued the following statement after the Senate invoked cloture on Janet Yellen’s nomination as Chair of the Federal Reserve, clearing the way for confirmation in January.
“With this vote, Janet Yellen is now poised to become the first woman ever to chair the Federal Reserve. She is brilliant, qualified, and has the right values for what is arguably the most important economic position in the country. I was proud to support her nomination, and I am thrilled she will serve our country in this important role. We in DC need to focus on creating jobs and putting our economy back on track for working families. Yellen understands how important a thriving middle class and healthy employment is to our economy, as well as the importance of a safe and sound financial system that has clear rules of the road and won’t blow up due to risky bets. She is the right person to helm the Fed at this critical moment.”