NAFCU statement on nomination of Janet Yellen to Federal Reserve Board Chair

WASHINGTON, DC (October 9, 2013) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to President Obama’s nomination of Federal Reserve Vice Chair Janet Yellen to chair of the Federal Reserve Board.

“Putting aside the politics of confirmation as well as the debate on monetary policy, Gov. Yellen is extremely qualified to be Fed chairman,” Berger said. “She has an impressive record both in academia and as chair of the Council of Economic Advisers, president of the Federal Reserve Bank of San Francisco and as Fed vice chair.

“NAFCU looks forward to working further with her on issues important to the Fed and credit unions upon her confirmation.”

Yellen met with NAFCU’s board at Federal Reserve headquarters last December to discuss the association’s 2012 Report on Credit Unions and issues of interest to both the Federal Reserve and credit unions. It was the 20th consecutive year the Federal Reserve hosted such a meeting with NAFCU.

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The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.

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