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Statement

ABA Congratulates Richard Clarida on his Federal Reserve Confirmation

“We congratulate Richard Clarida on his confirmation to serve as vice chairman of the Federal Reserve Board.His strong understanding of monetary policy and economics, as well ashis depth of experience in government and in the private sector, will bea tremendous asset as the Fed continues to fulfill its importantmission. Having worked with Rich at the Treasury Department, I know heis dedicated to serving the American people and that his expertise willfurther strengthen the Fed Board.
 
“We urge the Senate to move expeditiously to consider the remainingnominees to serve on the Board of Governors, including Miki Bowman,whose community banking experience will provide a critically importantperspective to the Fed. Having a full complement of governors willensure the Fed is receiving input from as many voices as possible as itsets economic and regulatory policies.”
 

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About the American Bankers Association

The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, midsize, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.

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