Political Quotes

“Mr. President, I rise to speak in support of Dr. Janet Yellen to be chair of the Board of Governors of the Federal Reserve System. As we continue to recover from the worst economic crisis since the Great Depression, we need a strong and thoughtful chairman of the Federal Reserve. We need a chair who has learned from our economic successes and mistakes over the past several decades. We need a chair who understands how monetary policy affects the everyday lives of Americans seeking employment or saving for retirement, and we need a chair who understands the importance of implementing Wall Street reform to promote financial stability. Dr. Yellen has all of these qualities, and she is ideally suited to be the next Fed chair. Dr. Yellen's experience is unmatched. She currently serves as a member and vice chair of the Board of Governors. She previously served as a member of the Board of Governors in the 1990s. She was chair of President Clinton's Council of Economic Advisors, and she served 6 years as president of the San Francisco Fed. Dr. Yellen also has an impressive academic record. She is a professor at Berkeley's Haas School of Business and was previously a professor at Harvard University, as well as a faculty member at the London School of Economics. Dr. Yellen graduated summa cum laude from Brown University and received her Ph.D. in economics from Yale. Dr. Yellen has written numerous research papers on the labor market, unemployment, monetary policy, and the economy.…”