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ABA: The American Bankers Association
Statement

ABA Statement on Powell Confirmation to Serve Second Term as Fed Chair

"We congratulate Jerome Powell on his Senate confirmation to serve another term as chair of the Federal Reserve Board of Governors. During his time leading the nation's central bank, Chair Powell has demonstrated a willingness to act boldly, to listen, and to adjust policy when the economic outlook has changed. Those skills helped the Fed navigate the unprecedented economic disruptions posed by the pandemic and will help Chair Powell navigate the nation's current economic challenges. America's banks remain committed to working with Chair Powell and the Fed to support the economy while maintaining the strength and resiliency of our banking system, which remains the envy of the world."

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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 $19.7 trillion in deposits and extend $11.2 trillion in loans.

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Jeff Sigmund

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