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@SenatorWicker Meets Trump’s Pick for...

@SenatorWicker Meets Trump’s Pick for Federal Reserve Chair

By: Sarah Ulmer - January 23, 2018

Miss. Senator Discusses Tax Plan, Regulatory Relief for Mississippi Banks

U.S. Senator Roger Wicker, R-Miss., today met with President Trump’s nominee for Chairman of the Federal Reserve, Gov. Jerome “Jay” H. Powell.

Wicker discussed the impacts of tax reform on the U.S. economy and asked for Powell’s suggestions to grow the economy in Mississippi. They also discussed much-needed regulatory relief for small community banks in Mississippi. Legislation that passed the Senate Banking Committee last month would improve the financial regulatory framework and increase lending capacity for small community banks that are greatly impacted by Dodd-Frank regulations.

Wicker introduced bipartisan legislation last August that would spur economic growth in local communities in Mississippi by helping local banks lend money to small businesses and first-time homebuyers.

Powell has been a member of the Board of Governors of the Federal Reserve System since May 25, 2011. Prior to his appointment to the board, Powell was a visiting scholar at the Bipartisan Policy Center in Washington, where he focused on federal and state fiscal issues. He served as an Assistant Secretary and as Undersecretary of the Treasury under President George H.W. Bush, with responsibility for policy on financial institutions, the Treasury debt market, and related areas

Senator Roger Wicker Press Release


About the Author(s)
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Sarah Ulmer

Sarah is a Mississippi native, born and raised in Madison. She is a graduate of Mississippi State University, where she studied Communications, with an emphasis in Broadcasting and Journalism. Sarah’s experience spans multiple mediums, including extensive videography with both at home and overseas, broadcasting daily news, and hosting a live radio show. In 2017, Sarah became a member of the Capitol Press Corp in Mississippi and has faithfully covered the decisions being made by leaders on some of the most important issues facing our state. Email Sarah: