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Trump's Pick for Fed Vice Chair for Regulation Confirmed by Senate

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The US Senate has confirmed Randall Quarles, a former Wall Street lawyer and Treasury official, to the position of Federal Reserve Vice Chair for Regulation, a post created after the financial crisis to address gaps in bank supervision. Donald Trump promised to reverse post-crisis financial rules known as Dodd-Frank during the campaign, and Quarles is seen as the man who will be leading that effort. Not much is known about his views on monetary policy and interest rates. His confirmation is the start of a long string of Fed board appointments facing the Republican president, including the possible replacement of Fed Chair Janet Yellen when her term expires in February. Quarles has spoken publicly on Dodd-Frank before. He said that repealing the law would be "politically very difficult" but that lawmakers should consider significant alterations. http://www.businessinsider.com/randal... http://www.wochit.com This video was produced by YT Wochit Vote It using http://wochit.com

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Donald Trump Federal Reserve System Randal Quarles Randall Quarles George H.W. Bush Cynosure Group Presidency Of Barack Obama Systemic Risk Money Economics President George H. W. Bush Senate Wall Street lawyer Treasury Federal Reserve Trump bank supervision economy economics business federal reserve banking Fed Republican
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