19
August , 2018
Sunday

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WASHINGTON, D.C. – President Barack Obama and U.S. Senator Mark Kirk applauded the confirmation of Dr. Janet Yellen as Chairman of the Federal Reserve Board of Governors.

Yellen was confirmed by the Senate yesterday by a 56-26 vote. She will replace Ben Bernanke, who steps down January 31 after eight years in the job.

In a press statement, Obama said: “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 three 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.”

Said Kirk on Yellen’s appointment as chair: “I continue to be concerned and disappointed with the Fed’s monetary policy of ‘easy money,’ which still exists several years after the financial crisis. I strongly support an end to quantitative easing and believe that Janet Yellen has the experience and commitment to bring an end to these policies. Dr. Yellen has over 40 years of financial knowledge and expertise, which will be necessary in the fight to put an end to quantitative easing and our nation’s stimulus programs. She is extremely qualified and I have faith that her dedication to our financial system will help bring stability to the markets as we work to get our nation’s spending under control.”

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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