SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Senate confirmation of Lael Brainard and Jerome Powell to the Federal Reserve's Board of Governors as well the promotion of Stanley Fischer to the board's vice chairman, who was confirmed last month:
"We would like to congratulate Lael Brainard and Jerome Powell for being confirmed to join the Federal Reserve's Board of Governors as well as Stanley Fischer for being named the board's vice chairman. These crucial nominations come just in time for the central bank's FOMC meeting next week. We look forward to working with the new vice chairman and governors in shaping US monetary policy and wish them success in their new roles."
