Randal Quarles

FRB Governor Randal Quarles Offers Parting Thoughts

Former Vice Chair for Supervision Randal K. Quarles covered a broad range of topics in his farewell remarks. He celebrated the overall strength of the banking system and suggested areas where there is latitude for regulatory change or recalibration. Mr. Quarles addressed a number of areas, including, among other things:
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Fed's Randal Quarles to resign at end of December

WASHINGTON, Nov 8 (Reuters) - Randal Quarles, who served as the U.S. Federal Reserve's vice chair for supervision and most powerful bank regulator until last month, announced Monday he will step down as a bank governor at year's end, closing a four-year term during which critics said he was too friendly towards Wall Street.

Randal Quarles to resign from Federal Reserve board in December

Subscribe to Fortune Daily to get essential business stories straight to your inbox each morning. Randal Quarles announced Monday that he will resign from the Federal Reserve's Board of Governors at the end of the year after completing a four-year term as its top bank regulator, opening up another vacancy on the Fed's influential board for President Joe Biden to fill.

Federal Reserve Governor Randal Quarles Announces Resignation

Randal Quarles is resigning as a Federal Reserve governor, 11 years before his term was to expire. What Happened: The Wall Street Journal reported that Quarles, who was appointed to the Fed by President Donald Trump in 2017, will leave the central bank around the end of the year, citing the completion of his term as vice chairman for bank supervision. Quarles' term runs through 2032.