Equipment Manufacturers Applaud Appointment of Janet Yellen as Treasury Secretary
Slater: “Dr. Yellen understands the policies that are necessary for equipment manufacturers to invest in our communities, create family-sustaining jobs, and meet the economic challenges of the COVID-19 pandemic head on.”
WASHINGTON, D.C. – Association of Equipment Manufacturers (AEM) president Dennis Slater issued the following statement on the announcement that President-elect Joe Biden has nominated Janet Yellen to serve as Secretary of the Treasury:
“AEM and the nation’s equipment manufacturers congratulate Janet Yellen on her historic nomination to serve as the next Secretary of the Treasury. Her past public service as Federal Reserve Board Chair and Council of Economic Advisers Chair has prepared her for the obstacles our country is facing. Dr. Yellen understands the policies that are necessary for equipment manufacturers to invest in our communities, create family-sustaining jobs, and meet the economic challenges of the COVID-19 pandemic head on. We look forward to working with Dr. Yellen and the rest of the President-elect’s economic team to revitalize U.S. manufacturing, drive innovation, and create economic security for millions of hard-working American families.”
Equipment manufacturers support one in eight manufacturing jobs in America, and the 2.8 million men and women of our industry make the equipment that build, power, and feed the world and positively impact the lives of every American every day. To learn more about the economic contribution of U.S. equipment manufacturers, visit www.aem.org/impact.
AEM is the North American-based international trade group representing off-road equipment manufacturers and suppliers, with more than 1,000 companies and more than 200 product lines in the agriculture and construction-related industry sectors worldwide. The equipment manufacturing industry in the United States supports 2.8 million jobs and contributes roughly $288 billion to the economy every year.