SIFMA today issued the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the confirmation of Janet Yellen as Chairman of the Board of Governors of the Federal Reserve System:
"SIFMA congratulates Janet Yellen on her confirmation as Chairman of the Board of Governors of the Federal Reserve System. Setting sound monetary policy and developing workable regulations that ensure smooth market functioning are of prime importance to our members. Ms. Yellen's leadership, expertise and breadth of experience make her highly qualified for her new role, and we wish her every success in this position."