State Regulators Support Powell for Fed Chair
Washington, D.C. – The Conference of State Bank Supervisors (CSBS) today endorsed the nomination of Jerome Powell to serve as chairman of the Federal Reserve Board, and CSBS called for quick confirmation by the U.S. Senate.
CSBS President and CEO John Ryan: “State regulators have full confidence in Governor Powell. His deep knowledge and understanding of the financial system is essential to supporting the U.S. economy and protecting it against excessive risks. We look forward to working with him to enable a wide array of financial institutions to innovate on behalf of the consumer and business alike.”
Governor Powell has been a regular speaker at the annual CSBS-Federal Reserve community bank research conference. In 2016, he delivered remarks that explored the historical performance of community banking.
Media Contact: Susanna Barnett, 202-407-7156, email@example.com
The Conference of State Bank Supervisors (CSBS) is the national organization of bank regulators from all 50 states, American Samoa, District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands. State regulators supervise roughly three-quarters of all U.S. banks and a variety of non-depository financial services. CSBS, on behalf of state regulators, also operates the Nationwide Multistate Licensing System to license and register non-depository financial service providers in the mortgage, money services businesses, consumer finance and debt industries.