Statement from President Biden after Senate Confirmation of Federal Reserve Nominees

Statement

I have made it clear that tackling inflation is my top domestic priority. So I am pleased to see the Senate take a step forward on my agenda to get inflation under control by confirming my nominees to the Fed. I want to thank the Senate for confirming Jerome Powell, Dr. Lisa Cook, and Dr. Philip Jefferson this week, joining the recent confirmation of Dr. Lael Brainard. The Federal Reserve plays a primary role in fighting inflation, and these well-qualified members of the Board will bring the skill and knowledge needed at this critical time for our economy and families across the country. We still have more work to do to finish filling the Fed Board, which is why I call on the Senate to swiftly confirm Michael Barr, my nominee for Vice Chair for Supervision.

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