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January 23, 2018

Washington, D.C., January 23, 2018 - The Institute of International Finance today released the following statement from IIF President and CEO Tim Adams after the U.S. Senate voted to confirm the nomination of Jerome H. Powell to be Chairman of the Federal Reserve's Board of Governors:

"In the more than 20 years that I've known and worked with Jay Powell, he has consistently proven to be a steady and thoughtful policymaker. I'm confident he will make an excellent Fed Chair. His unique perspectives and abilities will help guide the Federal Reserve as it looks to normalize policy. I congratulate Jay on his confirmation and look forward to working with him in his new role."

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The Institute of International Finance is the global association for the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. Within its membership IIF counts commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks.'

Media Contacts

Dylan Riddle

Tel: +1 202.857.3626

Email: driddle@iif.com

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