Political Quotes

“Mr. President, I wish to speak in support of Dr. Stanley Fischer to be a member of the Board of Governors of the Federal Reserve System. While we are only voting on Dr. Fischer's nomination to be a member of the Board today, he has also been nominated to be Vice Chair of the Board of Governors, which we will need to vote on in the near future. As you all know, Dr. Fischer is a distinguished economist who is immensely qualified to serve on the Federal Reserve Board. In his two decades on the MIT faculty, he was primary adviser for 49 Ph.D. students, including former Fed Chairman Ben Bernanke, and current European Central Bank President Mario Draghi. In addition, he has previously served on the frontlines in making public policy decisions during periods of financial crisis--including as the head of the Bank of Israel during the last financial crisis. He is supported by experts from both sides of the aisle and respected by leaders throughout the world. His wisdom on the economy, monetary policy, and banking would be extremely valuable to the Board. It is important that we move quickly to confirm Dr. Fischer to the Board. Next week, the Federal Reserve Board will only have 3 out of 7 confirmed Board members. In addition to Dr. Fischer, the Senate needs to quickly confirm Dr. Lael Brainard and Mr. Jerome Powell.…”