On the recordMay 22, 2014
There have been a number of inquiries and statements made today, one by the Chamber of Commerce, saying the reason that Stanley Fischer, the Vice Chair of the Board of Governors of the Federal Reserve System, hasn't been done is because of me. Try that one on for size. That is what happens around here. Here is a man who has been approved with a very strong vote, a strong vote, bipartisan vote, to be a member of the Board of Governors of the Federal Reserve System. He is eminently qualified, nationally and internationally. You can't become vice chair until you become a member of the board. Janet Yellen has called, the Chairman of the Federal Reserve, and said: It would really be important. He has administrative duties that we need his help with. So I have made inquiry with my Republican colleagues: Why don't we do him? We have already approved him. But we have a situation around here where no one gets approved. We will eat up time, this will take hours-- wasted time--and then we will approve him. In the meantime, all we do is eat up the taxpayers' time. Anyway, without further dialog from me, I would simply say that the Chamber of Commerce and others should understand every person on this side of the aisle would approve him in a second. I would do it by unanimous consent. I would have a vote as soon as we can, which, without having filed cloture, wouldn't be until we get back a week from Monday. Unanimous Consent Request--Calendar No. 767 Mr.…





