Fed's Quarles will no longer be Vice-Chair of Supervision from October 13

Author: Eamonn Sheridan | Category: Central Banks

Randal Quarles's term as Vice Chair for Supervision expires October 13. 

  • The supervisory committee will meet in the future on an 'unchaired' basis
  • regulatory matters will only advance where there is a broad consensus

This sounds like a stop-gap measure. Quarles was nominated by previous President Trump to be a board member and vice-chair for supervision. 

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