WASHINGTON - United States Senator Mark Kirk (R-Ill.) released the following statement Monday after he voted to confirm President Barack Obama's nomination of Dr. Janet Yellen as Chairman of the Federal Reserve Board of Governors:
"I continue to be concerned and disappointed with the Fed's monetary policy of 'easy money,' which still exists several years after the financial crisis. I strongly support an end to quantitative easing and believe that Janet Yellen has the experience and commitment to bring an end to these policies. Dr. Yellen has over 40 years of financial knowledge and expertise, which will be necessary in the fight to put an end to quantitative easing and our nation's stimulus programs. She is extremely qualified and I have faith that her dedication to our financial system will help bring stability to the markets as we work to get our nation's spending under control."
Illinois' senior U.S. Senator Dick Durbin also supported Obama's choice for the vacancy.