Political Quotes

“Mr. President, today I wish to say a few words about Janet Yellen, an outstanding public servant, who recently completed her term as Chair of the Board of Governors of the Federal Reserve System and stepped down from the Board. At different times, over 42 years, she served the Fed as staff economist, member of the Board, president of the San Francisco Fed, Vice Chair, and then Chair. Under her leadership, the Fed began the process of normalizing monetary policy by winding down its balance sheet and raising interest rates after years at the zero lower bound. Twice yearly, Ms. Yellen reported to the Banking Committee on monetary policy, conscientiously answering questions from members and was helpful in enlisting Federal Reserve staff to respond to inquiries from committee members and staff. I have appreciated her willingness to engage constructively with me and members of the committee as we have worked on legislation to tailor regulations and promote a healthy economy. Over the years, I found Ms. Yellen to be serious, engaging, and generous with her time, a sentiment that is widely shared in this body. I thank her for her service. ____________________”