[Congressional Record Volume 143, Number 19 (Thursday, February 13, 1997)]
[Senate]
[Page S1423]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]



                       Nomination of Janet Yellen

  Mr. D'AMATO. Mr. President, I urge the Senate to approve Dr. Janet 
Yellen, the distinguished nominee, for the position of the Chairman of 
the Council of Economic Advisers. The nomination was approved by the 
Banking Committee by a vote of 17-0.
  Dr. Yellen last appeared before the Senate nearly 3 years ago when 
she was nominated and confirmed to serve on the Board of Governors of 
the Federal Reserve System. While on the board of governors, Dr. Yellen 
focused on the important issues of consumer credit and small business 
lending and provided useful congressional testimony on these topics.
  Prior to her tenure at the Federal Reserve Board, Dr. Yellen was the 
Bernard T. Rocca Jr. Professor of International Business and Trade at 
the Haas School of Business of the University of California at Berkeley 
where she taught since 1980. Dr. Yellen has also served as a senior 
adviser to the Brookings Panel on Economic Activity and as a member of 
the Economics Panel of the Congressional Budget Office.
  Dr. Yellen has written on a wide variety of macroeconomic issues, 
including the causes and implications of unemployment. She is also a 
recognized scholar in international economics, recently focusing on the 
trade balance and reforms in Eastern Europe.
  Dr. Yellen has distinguished herself in academia and at the Federal 
reserve. She will bring to this position competence and a record of 
excellence. I believe the administration and the Congress will both 
benefit from her wise counsel.
  I am pleased to support this nomination.

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