Pelosi Statement on Nomination of Janet Yellen as Vice Chair of the Federal Reserve

WASHINGTON, April 29 /PRNewswire-USNewswire/ -- Speaker Nancy Pelosi released the following statement today regarding the President's nomination of San Francisco Federal Reserve Bank President Dr. Janet Yellen as Vice Chair of the Federal Reserve:

"The nomination of Dr. Janet Yellen for Vice Chair of the Federal Reserve brings pride to San Franciscans. We know well her deep experience and expertise and have great confidence in her abilities to bring smart, sound economic policy to the Fed.

"In San Francisco, she has helped to steer our city through tough times. Throughout her career – from the Fed to President Clinton's Council of Economic Advisers – she has worked to build an economy that benefits all workers and families.

"As Vice Chair of the Federal Reserve, she will continue to be an advocate for the interests of America's consumers and small businesses. I look forward to working with Dr. Yellen to keep our economic recovery on-track, fight unemployment, and establish the cornerstones of financial security, stability, and prosperity for every American."

SOURCE Office of the Speaker of the House

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