09.06.2017

The Center for Popular Democracy's Fed Up coalition released the following statement through its Co-Director Shawn Sebastian: 

"The Board of Governors is the Supreme Court of the economy and, with Stanley Fischer’s resignation, the majority of its seats are now vacant. The American economy needs stability, which is why President Donald Trump should reappoint Janet Yellen as Fed Chair. 

In this moment of uncertainty for the future of monetary policy, continuity in the leadership at the Fed is in the interest of working people, American businesses, and financial institutions. Janet Yellen is the only candidate with the qualifications and record who can ensure financial stability and continued economic prosperity. 

Fed Up urges the remaining members of the Board of Governors to protect recent years’ progress toward full employment and financial stability by serving out the remainder of their terms.”

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Media Contact:
Jordan Haedtler, jhaedtler@populardemocracy.org, 650-400-4116