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For Immediate Release
August 28, 2018
ABA Media Contact: Ian McKendry
(202) 663-5473
Follow us on Twitter: @ABABankers

ABA Congratulates Richard Clarida on his Federal Reserve Confirmation

By Rob Nichols, ABA president and CEO

“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 as his depth of experience in government and in the private sector, will be a tremendous asset as the Fed continues to fulfill its important mission. Having worked with Rich at the Treasury Department, I know he is dedicated to serving the American people and that his expertise will further strengthen the Fed Board.
“We urge the Senate to move expeditiously to consider the remaining nominees to serve on the Board of Governors, including Miki Bowman, whose community banking experience will provide a critically important perspective to the Fed. Having a full complement of governors will ensure the Fed is receiving input from as many voices as possible as it sets economic and regulatory policies.”
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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.