08.19.21

Daines to Biden: Renominate Jerome Powell to the Federal Reserve for Economic Stability

U.S. SENATE – U.S. Senator Steve Daines urged President Biden to renominate Jerome Powell for another term as Chair of the Board of Governors of the Federal Reserve to promote economic stability and further the economic recovery.

“In order to promote continued economic stability, I respectfully urge you to renominate Jerome Powell as Chair of the Federal Reserve Board of Governors,” Daines said. “I believe doing so would send a strong signal to households, businesses, and consumers that the head of the Federal Reserve continues to enjoy broad bipartisan support, and will act as necessary to achieve its dual mandate of price stability and maximum employment. In contrast, changing the top leadership at this sensitive time could foster uncertainty across financial system and undermine our economic recovery.”

 Read the letter HERE. 

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Contact: Katherine McKeoghKatie Schoettler