Statement from President Joe Biden on Senate Confirmation Vote for the Federal Reserve Board of Governors

Statement from President Joe Biden on Senate Confirmation Vote for the Federal Reserve Board of Governors | The White HouseSkip to contentYou have JavaScript disabled. Please enable JavaScript to use this feature.Toggle High Contrast Toggle High Contrast Toggle Large Font Size Toggle Large Font Size The White HouseThe White House The White House Home AdministrationPrioritiesThe RecordBriefing RoomEspañol InstagramOpens in a new windowFacebookOpens in a new windowTwitterOpens in a new windowYouTubeOpens in a new window Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement MenuCloseTo search this site, enter a search term SearchMobile Menu OverlayAdministrationShow submenu for “Administration””President Joe BidenVice President Kamala HarrisFirst Lady Dr. Jill BidenSecond Gentleman Douglas EmhoffThe CabinetExecutive OfficesShow submenu for “Executive Offices””Council of Economic AdvisersCouncil on Environmental QualityDomestic Policy CouncilGender Policy CouncilNational Economic CouncilNational Security CouncilNational Space CouncilOffice of Intergovernmental AffairsOffice of Management and BudgetOffice of the National Cyber DirectorOffice of National Drug Control PolicyOffice of Public EngagementOffice of Science and Technology PolicyOffice of the United States Trade RepresentativeClimate Policy OfficePresidential Personnel OfficePrioritiesBriefing RoomThe White HouseShow submenu for “The White House””PresidentsFirst FamiliesThe GroundsOur GovernmentGet InvolvedShow submenu for “Get Involved””Write or Call The White HouseJoin UsWhite House FellowsWhite House Internship ProgramThe RecordDisclosuresEspañol Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement InstagramOpens in a new windowFacebookOpens in a new windowTwitterOpens in a new windowYouTubeOpens in a new window The White House 1600 Pennsylvania Ave NW Washington, DC 20500 To search this site, enter a search term SearchSeptember 07, 2023 Statement from President Joe Biden on Senate Confirmation Vote for the Federal Reserve Board of Governors Home Briefing Room Statements and Releases “I applaud the Senate for confirming my superbly qualified nominees to the Federal Reserve Board of Governors on a bipartisan basis. In the past year, inflation has come down by around two-thirds, while the job market has remained historically strong, and I am confident that Dr. Jefferson, Dr. Cook, and Dr. Kugler will help continue this progress. My Administration remains laser focused on bringing costs down for families while maintaining the world-beating economic growth that America has experienced in the last two-plus years.With the confirmation of these outstanding economists to the Federal Reserve, the American people can be confident that the Fed’s important mission remains in good hands, and it will continue working for them, not any partisan agenda.”Dr. Jefferson will be only the second-ever Black Vice Chair of the Federal Reserve Board. Dr. Cook was the first-ever Black woman on the Federal Reserve Board, and has now been confirmed to a full 14-year term. Dr. Kugler will make history as the first-ever Hispanic American to serve on the Federal Reserve Board.### Stay ConnectedSign UpEmail Address* RequiredZIP CodePlease leave blank.We'll be in touch with the latest information on how President Biden and his administration are working for the American people, as well as ways you can get involved and help our country build back better. Opt in to send and receive text messages from President Biden. ShareShare this page on FacebookShare this page on Twitterhttps://www.whitehouse.gov/briefing-room/statements-releases/2023/09/07/statement-from-president-joe-biden-on-senate-confirmation-vote-for-the-federal-reserve-board-of-governors/?utm_source=link HomeThe AdministrationExecutive OfficesPrioritiesThe RecordBriefing RoomThe White HouseDisclosuresGet InvolvedEspañol Contact UsPrivacy PolicyCopyright PolicyAccessibility Statement InstagramOpens in a new windowFacebookOpens in a new windowTwitterOpens in a new windowYouTubeOpens in a new window The White House 1600 Pennsylvania Ave NW Washington, DC 20500 WH.gov Scroll to Top Scroll to Top Top