Nov. 2, 2017
By Naming Powell to Chair Fed, Trump Misses Opportunity
Statement of Bartlett Naylor, Financial Policy Advocate, Public Citizen’s Congress Watch Division
By failing to name Janet Yellen to continue as chair of the Federal Reserve, President Donald Trump missed an important opportunity to demonstrate a commitment to safe speed limits for Wall Street, and to monetary policy that truly puts jobs first. During the confirmation process, senators must ensure that Gov. Jerome Powell will guard the Fed’s independence, uphold and continue improvements made under the 2010 Wall Street reform act and navigate sound monetary policy.