Political Quotes

“something happened today in Banking, Housing, and Urban Affairs Committee that I have never seen before in the U.S. Senate. Three weeks ago, Senator Toomey--the ranking member, the senior Republican on the committee from Pennsylvania--Senator Toomey and I agreed that there would be a committee vote today for six nominees: Sandra Thompson, who would be head of the FHFA; Lael Brainard, Vice Chair at the Federal Reserve; Jay Powell, the Chair--sitting Chair, who has been nominated, to confirm him as the Chair; and then three new members of the Federal Reserve, Sarah Bloom Raskin, who would be Vice Chair of Supervision; also Philip Jefferson; and Lisa Cook. This would be the--I think the best qualified, most diverse in terms of gender and race, but also most diverse Federal Reserve in terms of knowledge and perspective because one of the most poignant, I think, legitimate, criticisms of the Fed is how sort of the Federal Reserve has always kind of looked like me, except they think like Wall Street. And this is the first time where I have seen a Federal Reserve with the breadth of knowledge. There is a--the President wants to appoint a gentleman who grew up right near RFK Stadium in a poor part of Washington, who now is a dean at a southern school; another, a woman from a small town in Georgia, who is now at Michigan State; a former bank regulator and Federal Reserve Governor and also was No.…”