Political Quotes

“Today, I am joined by Senators Warren, Brown, Van Hollen, and Gillibrand to introduce legislation to ensure that at least one Federal Reserve Governor has demonstrated primary experience in supporting or protecting the rights of workers. Our legislation is not the first to require a member of the Federal Reserve Board of Governors to have a particular area of expertise. Indeed, as part of the Terrorism Risk Insurance Program Reauthorization Act, which passed the Senate by a vote of 93-4 and was signed into law on January 12, 2015, Congress amended the Federal Reserve Act to require at least one of the seven Federal Reserve Governors to be an individual ``with demonstrated primary experience working in or supervising community banks.'' Our legislation would ensure that workers get the very same representation that community bankers already have on the Board of Governors of the Federal Reserve System. As we all are aware, the Federal Reserve has a dual mandate of stable prices and maximum employment.…”