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Chance in life. she has done pioneering work on how the fence should account for the emerging risk of climate change to our financial system. like today, her expertise in leadership have earned her the respect and support of republicans and democrats alike. i am proud to nominate her to the vital role of vice chair of the federal reserve. beyond jay and lael i look forward to dominating additional members of the federal reserve board of governors including a new vice chair for supervision. they will help safeguard our financial system and along side jay and lael's leadership, help continue thi...

She's done pioneering work on how the fed should account for the emerging risk of climate change to our financial system and like jay, her expertise and leadership have earned her the respect and support of republicans and democrats alike. i'm 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 nominate additional members of the federal reserve board of governors including a new vice chair for supervision. these individuals will help safeguard our financial system and alongside their leadership help to support...

Families to those kinds of risks. i respect jay's independence, and i also trust that he will follow through on his commitment to prioritize these issues with the skill that he has shown in his service to date. now, some will no doubt question why i'm renominating jay where he was the choice of a republican predecessors. why aim not picking a democrat? why am i not picking fresh blood or take the fed in a different direction? put directly at this moment of both enormous potential and enormous uncertainty for our economy, we need stability and independence at the federal reserve. jay's proven t...

Markets, jay's steady and decisive leadership helped to stabilize markets and put our economy on track to a robust recovery. jay is a believer in the benefits of what economists call maximum employment. that's 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 everyone in the country, not just concentrated for those at the top. jay said it well last month, and i'm going to quote him, he sai...

Integrity who can be trusted to keep their focus on the right and long-term goals of our country, for our country. i'm confident jay and lael are those people. i would like to give jay and lael an opportunity to say a few words. start with jay and then turn to lael. jay, the floor is yours. >> mr. president, thank you for this extraordinary opportunity to continue to serve the american people. if confirmed by the senate i pledge to do everything within my power to meet the responsibilities that congress has entrusted to the federal reserve. i'm joined today by my wife alyssa and our three adul...