WASHINGTON, D.C. – Today, Congressman Walter B. Jones (NC-3) issued a statement urging the Senate to oppose Janet Yellen’s confirmation as the next Chairman of the Federal Reserve.
“As the Vice Chairman of the Federal Reserve, Janet Yellen has routinely advocated for the irresponsible, easy-money policies that have characterized current Chairman Ben Bernanke’s tenure,” said Congressman Jones. “Open-ended money printing is the wrong choice for the long-term health of our economy. Furthermore, Ms. Yellen’s confirmation would be particularly worrisome given that the Federal Reserve is not held accountable to any government entity. The naming of a new chairman represents a rare opportunity for Congress to exercise its authority, and I encourage my colleagues in the Senate to voice their disapproval with the current Federal Reserve policies by opposing Janet Yellen’s confirmation.”