"ABA applauds the Senate for confirming Lael Brainard to the Federal Reserve Board. The international expertise she has gained at Treasury, the Brookings Institution and during her time in the Clinton Administration provide her with a strong perspective into the U.S. and global financial system that will serve her well in her new role.
“We also congratulate Stanley Fischer on his confirmation as Federal Reserve vice chairman and Jerome Powell on his confirmation to a second board term. We look forward to working with all three of them on our nation’s banking, economic and financial issues going forward.”
The American Bankers Association is the voice of the nation’s $14 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $11 trillion in deposits and extend nearly $8 trillion in loans.
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