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:
Randal Quarles, who served a dual role as Federal Reserve governor and vice chairman for bank supervision, said Monday he is resigning effective in December. With Quarles’ departure, at least one other vacancy and the expiring term of Chairman Jerome Powell, President Joe Biden will have the chance to remake the Fed.
Randal Quarles, previously the top Federal Reserve official overseeing Wall Street, announced plans Monday to resign in 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.
Federal Reserve Governor Randal Quarles said he will resign at the end of the December, leaving another vacant spot for the White House to fill and giving President Biden a chance to reshape the leadership of the U.S. central bank.
Nov. 8 (UPI) -- Randal Quarles, a member of the Federal Reserve's Board of Governors who's been a target of congressional progressives, announced on Monday that he will step down at the end of 2021. Quarles said he will leave the last week of December, at the end of his...
Federal Reserve Governor Randal Quarles announced Monday that he is stepping down from his post in December, leaving an additional seat open that will allow President Biden to further reshape the U.S. central bank. Quarles' role as vice chair for supervision expired in October, but his actual term on the...
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.
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.