WASHINGTON, D.C.—Dennis Kelleher, Co-founder, President and Chief Executive Officer of Better Markets, released the following statement upon the Senate’s confirmation of Lael Brainard to be Vice Chair of the Federal Reserve Board.

“Lael Brainard is a model public servant who has provided outstanding, dedicated and nonpartisan service to the country for many years.  The Senate’s confirmation of her as Vice Chair of the Federal Reserve Board today is recognition of her deep experience and economic expertise, as was Fed Chair Powell’s inclusion of her in the “troika” starting several years ago.  In addition, during the past eight years as a Governor of the Fed, she has been an effective, consistent, and steadfast defender of the critical financial protection rules necessary to protect Main Street families, our financial system, and the entire economy.  As Vice Chair, we are confident she will continue her tireless efforts to put the public interest first and to always be mindful that the Fed serves the American people first and foremost without fear or favor.”

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Better Markets is a non-profit, non-partisan, and independent organization founded to promote the public interest in the financial markets, support the financial reform of Wall Street and make our financial system work for all Americans again. Better Markets works with allies – including many in finance – to promote pro-market, pro-business and pro-growth policies that help build a stronger, safer financial system that protects and promotes Americans’ jobs, savings, retirements and more. To learn more, visit www.bettermarkets.org.

Contact: Anton Becker at 202-618-6430 or abecker@bettermarkets.org