WASHINGTON – U.S. Sen. Mark R. Warner (D-VA), a member of the Senate Committee on Banking, Housing and Urban Affairs, issued the following release:

“Members of both parties deeply respect Chair Powell for his forceful leadership at the Fed during an especially difficult time. Stability at the central bank is important as our economy continues to recover and as we seek to combat the effects of inflation driven by challenges in the global supply chain. Chair Powell is a strong choice and I look forward to working with him to make sure our economic recovery lifts up all of our communities.

“I also applaud President Biden’s nomination of Governor Brainard, who has shown great leadership when it comes to ensuring robust regulation of our financial system. She will make an excellent Vice Chair at a crucial time as the Fed addresses issues such as regulation of digital assets, the risks of climate change, and cross-border regulatory coordination.”

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