On the recordMay 21, 2014
following my remarks and those of the Republican leader, if any, the Senate will be in a period of morning business until 12:15 today. Because of a change in schedule, the Republicans will have their caucus today rather than yesterday as we normally do. The time until 12:15 will be equally divided and controlled between the two leaders or their designees. At 12:15 there will be a rollcall vote on the confirmation of the Fischer nomination to be a member of the Federal Reserve Board of Governors. I am happy we are going to get this good man confirmed, but, as I will talk about in a minute, this obstruction is unbelievable. Fischer is going to now be a member of the Federal Reserve Board. He also has been chosen to be the Vice Chair of the Federal Reserve Board. Janet Yellen, the Chairman of the Federal Reserve Board, has called many of my colleagues saying: Why do we need another vote? I need him here. There are administrative duties--this is a huge organization-- waiting to be done. But we are going to have to go through the cloture process all over again on this man. What a waste of our time--our time--the people's time. Anyway, that is what we are going to do. We are going to vote to confirm him today and then come back at some later time and confirm him to be the Vice Chair. We could not confirm him as Vice Chair first because he is not a member of the Board. Following that vote, the Senate will be in recess until 2 p.m.…





