November 2, 2017

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Fed Chair Can Help Tailor and Modernize Regulatory System

Jerome Powell's experience as both a dedicated public servant and a successful business leader will serve him well in his new role which is vital to maintaining a sound financial system, modernizing regulations to improve economic growth, and enabling America to lead on the global economic stage.

Fed Chair Can Help Tailor and Modernize Regulatory System
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Fed Chair Can Help Tailor and Modernize Regulatory System

Jerome Powell has both business and public service experience

 

WASHINGTON – The Financial Services Roundtable (FSR) today welcomed the nomination of Jerome Powell as the next Chairman of the Federal Reserve Board which is a position FSR believes crucial to better tailoring and modernizing the financial regulatory system.

“Jerome Powell’s experience as both a dedicated public servant and a successful business leader will serve him well in his new role which is vital to maintaining a sound financial system, modernizing regulations to improve economic growth, and enabling America to lead on the global economic stage,” said FSR CEO Tim Pawlenty.

FSR supports a strong and independent Federal Reserve Board and our members look forward to being a constructive partner in efforts to advance common sense improvements to regulatory requirements.  The Administration should move forward with filling the Board’s other vacancies to ensure it can fully exercise its responsibilities.

 

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About The Author

The Financial Services Roundtable represents the largest integrated financial services companies providing banking, insurance, payment and investment products and services to the American consumer. Member companies participate through the Chief Executive Officer and other senior executives nominated by the CEO. FSR member companies provide fuel for America’s economic engine, accounting for $92.7 trillion in managed assets, $1.2 trillion in revenue, and 2.3 million jobs.

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