House Financial Services Chairman Jeb Hensarling (R-Texas) said he hopes Janet Yellen implements a more transparent monetary policy at the Fed, if confirmed as chairman.

“I congratulate Dr. Yellen on her nomination. It is my hope that, if confirmed, she will lead the Federal Reserve to adopt a more transparent and rules-based monetary policy that aims for price stability and long-term growth,” Hensarling said in a statement about the current Fed vice chairman.

“Dr. Yellen has spoken favorably about such a rules-based policy in the past, saying it is what ‘sensible central banks do.’ Our committee would look forward to working with her to develop new tools that help the Fed communicate the course of its monetary policy using clear rules and become a sensible central bank,” he added.

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