elevating one of the country s most qualified and dedicated public servants. she s one of the nation s leading macro economists and she spent years at the treasury department representing american capitals around the world on issues and spent nearly the last decade as a member of the fed recently working side by side with jay as the fed navigated historic economic and financial crises and reaffirmed its commitment to a full employment economy. throughout her time at the fed, lael has also been a stedfast voice for tough rules to protect the pensions and savings of the american people. she s led the fed s efforts to make sure banking system serves everyone in the communities they serve so that regardless of where you live or your background, every american can have access to credit they need to start a business, buy a home, and just have a fair chance in life. she s done pioneering work in
preserve the independence of the fed and we need people of character and integrity who can be trusted to keep their focus on the right long-term goals of our country, for our country, and i m confident that jay and lael are those poem. now i would like to give them both a chance to say a few word. we ll start with jay and then i ll turn to lael. okay. the president making it official. he is renominating jerome powell to a second term as chairman of the federal reserve. that is pending senate confirmation. for now let s take you back to close arguments of the trial of the three men accused of killing ahmaud arbery. this is the defense continuing their closing arguments. this is the attorney of the guest greg mcmichael. he spent years as a life insurance salsman not because he liked it, but he did it because he wanted to see his three kids
chance in life. she has done pioneering work on how the fence should account for the emerging risk of climate change to our financial system. like today, her expertise in leadership have earned her the respect and support of republicans and democrats alike. i am proud to nominate her to the vital role of vice chair of the federal reserve. beyond jay and lael i look forward to dominating additional members of the federal reserve board of governors including a new vice chair for supervision. they will help safeguard our financial system and along side jay and lael s leadership, help continue this historic economic recovery. while jay and lael bring continuities and stability to the fed, my additions will bring new perspectives and new voices. i also pledge that my additions will bring new diversity to the fed which is much needed and
she s done pioneering work on how the fed should account for the emerging risk of climate change to our financial system and like jay, her expertise and leadership have earned her the respect and support of republicans and democrats alike. i m proud to nominate her to the vital role of vice chair of the federal reserve. beyond jay and lael, i look forward in the coming weeks to nominate additional members of the federal reserve board of governors including a new vice chair for supervision. these individuals will help safeguard our financial system and alongside their leadership help to support and continue this historic economic recovery. while jay and lael bring continuity and stability to the fed, my additions will bring new perspectives and new voices. i also dredge that my additions will bring new diversity to the fed which is much-needed and long overdue in my view.
integrity who can be trusted to keep their focus on the right and long-term goals of our country, for our country. i m confident jay and lael are those people. i would like to give jay and lael an opportunity to say a few words. start with jay and then turn to lael. jay, the floor is yours. mr. president, thank you for this extraordinary opportunity to continue to serve the american people. if confirmed by the senate i pledge to do everything within my power to meet the responsibilities that congress has entrusted to the federal reserve. i m joined today by my wife alyssa and our three adult children, soucie, lucy, sam, and sam s wife. their support make possible all that i do.