December 5, 2017

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FSR Urges Senate to Quickly Confirm Fed Chair

We look forward to working with Jerome Powell and the Fed to better tailor regulations to enhance a safe and sound financial system while driving economic opportunity for all Americans.

FSR Urges Senate to Quickly Confirm Fed Chair
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FSR Urges Senate to Quickly Confirm Fed Chair

 

WASHINGTON – The Financial Services Roundtable (FSR) today applauded the Senate Banking Committee for voting to advance Jerome Powell’s nomination as Chairman of the Federal Reserve Board and called on the full Senate to quickly confirm him.

“Jerome Powell is a devoted and excellent public servant and successful business leader worthy of swift Senate confirmation,” said FSR CEO Tim Pawlenty. “We look forward to working with him and the Fed to better tailor regulations to enhance a safe and sound financial system while driving economic opportunity for all Americans.”

FSR believes Congress and the Administration should work together in a timely manner to move forward filling the Board’s other vacancies to ensure it can fully exercise its responsibilities.

 

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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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