Washington, D.C (Feb. 2, 2018)—Scott Heitkamp, chairman of the Independent Community Bankers of America® (ICBA) and president and CEO of ValueBank Texas in Corpus Christi, and Camden R. Fine, ICBA president and CEO, issued the following statement on the eve of Janet Yellen’s departure as Federal Reserve chair.
“Chair Yellen has proven to be an able economic forecaster and strong, guiding hand at the Fed in setting monetary policy to support the U.S. economic recovery and the nation’s community banks.
“Her keen understanding of market dynamics and sensible policies, through monetary stimulus and watchful interest rate policies, helped promote job growth and keep inflationary pressures at bay.
“ICBA thanks Chair Yellen for her years of service and looks forward to working with her successor, Jerome Powell, to ensure our regulatory environment supports community bank lending and the nation’s continued growth and prosperity.”
The Independent Community Bankers of America®, the nation’s voice for nearly 5,700 community banks of all sizes and charter types, is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education and high-quality products and services. For more information, visit ICBA’s website at www.icba.org.