WASHINGTON, D.C. – U.S. Senator Amy Klobuchar (D-MN), Vice Chair of the U.S. Congress Joint Economic Committee (JEC), released the following statement after the Senate voted to confirm Janet Yellen to serve as the next Chair of the Board of Governors of the Federal Reserve System:
“Janet Yellen’s wealth of experience directing policy at the Federal Reserve and her longstanding reputation as one of the country’s most highly esteemed economists make her well-qualified to serve as Federal Reserve Chair, and as the first woman to hold the post she will also be an inspiration to young women everywhere. I look forward to working with her as we focus on strengthening our economy.”
Yellen will succeed current Federal Reserve Chair Ben Bernanke when his term ends on January 31st, and will be the first woman to fill the top role at the Federal Reserve in its 100 year history.