*Administration of Barack Obama, 2014 *

**Statement on Senate Confirmation of Janet L. Yellen as Chair of the Federal Reserve **

*January 6, 2014 *

With the bipartisan confirmation of Janet Yellen as the next Chair of the Federal Reserve, the American people will have a fierce champion who understands that the ultimate goal of economic and financial policymaking is to improve the lives, jobs, and standard of living of American workers and their families. As one of our Nation's most respected economists and a leading voice at the Fed for more than a decade—and Vice Chair for the past 3 years—Janet helped pull our economy out of recession and put us on the path of steady growth. Janet is committed to the Fed's dual mandate of keeping inflation in check while also addressing our most important economic challenge by reducing unemployment and creating jobs. And she understands that fostering a stable financial system will help the overall economy and protect consumers. I am confident that Janet will stand up for American workers, protect consumers, foster the stability of our financial system, and help keep our economy growing for years to come.

*Categories:* Statements by the President : Yellen, Janet L., Senate confirmation as Chair of the Federal Reserve*.*

*Names:* Yellen, Janet L.

*Subjects:* Economy, national : Inflation, efforts to combat; Economy, national : Strengthening efforts; Employment and unemployment : Unemployment rate; Reserve System, Federal.

*DCPD Number:* DCPD201400003.