Beyond Jay News Today

Realize its potential, and those have historically been left behind stand the best chance of prospering in a strong economy with plentiful job opportunities, end of quote. as chair, jay undertook a landmark review to reinforce the federal reserves mission towards delivering full employment, for making strong progress towards that goal now, and i believe jay is the right person to see us through and finish that effort while also addressing the threat of inflation and what it poses to our economie...

There was panic in our financial markets, jays steady and decisive leadership helped to stabilized markets and put our economy on track to a robust recovery. jay is a believer in the benefits of what economists call maximum employment. thats an economy where companies have to compete to attract workers instead of workers competing with each other for jobs, where american workers get steady wage increases after decades of stagnation, and where the benefits of economic growth are broadly shared by...

The board shes elevating the service of the federal reserve. she spent years recommending americans around the world on economic issues and spent the last decade as a member of the fed most recently working side by side with jay as the fed navigated historic and financial crises and reaffirmed its commitment to a full employment economy. throughout her time at the fed shes also been a steadfast voice for tough rules to protect the pensions an savings of the american people. shes led the feds eff...

Jay has support from across the political spectrum. in 2018 he was confirmed with 84 votes in the united states senate. his approach as fed chair has earned the respect and support of groups from the afl-cio to the business roundtable. which brings me to one more reason ive chosen to renominate jay. i believe having fed leadership with broad bipartisan support is important, especially now that such a politically divided nation. i believe we need to do everything we can to take the bitter partisa...

Historically been left behind stand the best chance of prospering in a strong economy with plentiful job opportunities. end of quote. as chair, jay undertook a landmark review to reinforce the federal reserves mission toward delivering full employment, were making strong progress toward that goal now and i believe jay is the right person to see us through and finish that effort and addressing the threat of inflation that is to our family and economy. jay and i have had a chance to discuss his vi...

Never get exposed in our economy and american families of those kinds of risks. i respect jays independence my trustee will follow through on his commitment to prioritize with the skill that he has show. some no doubt question why i am re-nominating j. when he was the choice of a republican predecessor. why am i not picking a democrat, why am i not picking fresh blood. taking the fed in a different direction? put directly, at this moment both enormous potential and enormous uncertainty for our c...

You know, by promoting lael today as vice chair, i am elevating one of the countrys most qualified and dedicated public servants. she is one of the nations leading macroeconomists. she spent years of the treasury department representing american capitals around the world on international economic issues. she spent nearly the last decade as a member of the fed, most recently working side-by-side with jay as the fed navigated historic economic and financial crisis and reaffirmed his commitment to ...

Preserve the independence and we need people of character and integrity who can be trusted to keep the focus on the right long-term goals. im confident that jay and lael are those people. i would like to give both jay and lael an opportunity to say a few words and were going to start with jay and then im going to turn to lael. jay, the floor is yours. >> sandra: you have been listening to president biden with his announcement of the renomination of federal reserve chair jay powell. you can see h...

Federal reserve. when the country was hemorrhaging jobs and there was panic in the financial markets, js steady and decisive leadership helped stabilize markets and put our economy track to a robust recovery. jay is a believer in what economists call maximum employment. thats an economy where companies have to compete to attract workers instead of workers competing with each other for jobs. american workers get steady wage increases after decades of stagnation. and where the benefits of economic...

How the fed should account for the emerging risk of climate change to our financial system. like jay, her expertise in leadership have earned her the respect and support of republicans and democrats alike. im proud to nominate her to the vital role of vice chair of the federal reserve. beyond jay and lael, i look forward in the coming weeks to nominating additional members including a new vice chair for supervision. these individuals will safeguard our financial system and alongside jay and lael...