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ABA: The American Bankers Association
Statement

ABA Statement on Federal Reserve Nominations

“We congratulate Sarah Bloom Raskin, Lisa Cook and Philip Jefferson on their nominations to serve on the Federal Reserve Board. If confirmed, all three would be joining the board at an important moment for our economy given the ongoing pandemic, the recent rise in inflation and other challenges. The nominees would bring a wide range of economic, regulatory and academic experience to the Board of Governors, which we have long believed benefits from having a full complement of governors from diverse backgrounds and viewpoints. We look forward to learning more about all three nominees' positions on monetary and regulatory policies during the confirmation process.”

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $23.7 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $19.6 trillion in deposits and extend $11.8 trillion in loans.

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Jeff Sigmund

(202) 663-5439

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