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MNI BRIEF: Fed Regulation Chief Quarles to Resign At Year-End

Federal Reserve Governor Randal Quarles will resign at the end of the year, after his term as the central bank's first vice chair for supervision ended last month.

Quarles, who first took office in October 2017, also serves as chair of the Financial Stability Board and his three-year term ends Dec. 2.

President Joe Biden is gearing up to nominate the next Fed chair and vice chair of supervision, expected before year-end.

MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com
MNI Washington Bureau | +1 202-371-2121 | jean.yung@marketnews.com

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