Today, Congressman Don Beyer (D-VA), Chairman of the U.S. Congress Joint Economic Committee (JEC), released the following statement after Chair Powell was confirmed for a second term to the Board of Governors of the Federal Reserve.

“I applaud today’s re-confirmation of Chair Powell, whose leadership at the Fed helped contain the economic damage from the coronavirus pandemic. With his data-driven outlook and commitment to the Fed’s dual mandate, I have every confidence in his ability to propel our economy forward while tamping down inflation.

“With this confirmation and those of Vice Chair Lael Brainard, Governor Lisa Cook and Governor Philip Jefferson—who each bring a profound understanding of the real roots of economic growth and a demonstrated commitment to government service—the Fed is better equipped to meet global challenges while promoting inclusive growth, here, at home.”