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For Immediate Release
June 12, 2018
ABA Media Contact: Jeff Sigmund
(202) 663-5439
Follow us on Twitter: @ABABankers

ABA Applauds Senate Banking Committee Vote on Fed Nominees

By Rob Nichols, ABA president and CEO

​“We applaud today’s bipartisan vote in the Senate Banking Committee in support of Michelle Bowman and Richard Clarida’s nominations to serve on the Federal Reserve Board of Governors.  Miki Bowman’s experience as a community banker will allow her to provide a critically important perspective as the Board of Governors continues to review the rules overseeing the nation’s banks.  In addition, Rich Clarida’s strong understanding of monetary policy and financial markets – and real-world experience in the private sector – will serve him well as vice chairman.  We urge the Senate to act quickly on their nominations, so Fed policymakers can benefit from a full range of voices and perspectives as they determine monetary and regulatory policies that are essential to economic growth.”
The American Bankers Association is the voice of the nation’s $17 trillion banking industry, which is composed of small, regional and large banks that together employ more than 2 million people, safeguard $13 trillion in deposits and extend nearly $10 trillion in loans.