Fed Chair Nominee Jerome Powell: ‘Honored and Humbled by the Opportunity to Serve Our Great Country’

EXCERPT:

POWELL: "Thank you very much, Mr. President, for the fate that you have shown in me through this nomination. I’m both honored and humbled by this opportunity to serve our great country. If I am confirmed by the Senate, I will do everything within my power to achieve our congressionally-assigned goals of stable prices and maximum employment. I want to thank my wife, Alyssa for her love and support and wise counsel. Without her, quite honestly I wouldn’t be standing here. We’re thinking today of our three children and of the world they're inheriting. My five siblings and I, two of whom are here today with me, are also thinking today of our parents who gave us so many gifts including, most of all, a loving home. In the years since the global financial crisis ended, our economy has made substantial progress toward full recovery. By many measures we’re close to full employment and inflation has gradually moved up toward our target. Our financial system is also without doubt far stronger and more resilient than it was before the crisis."