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WASHINGTON (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 ...
Quarles, a Trump appointee who began serving as the Fed's vice chairman of supervision in October 2017, will step down “during or around the last week of December of this year.”
Randal and Hope Quarles shake hands with Chair Janet Yellen in 2017 shortly after Quarles is sworn in. Quarles's wife, Hope, is the daughter of Utah businessman Spencer Eccles, whose father, Spencer Stoddard Eccles, was the brother of Marriner S. Eccles. [39] [40] [41] Quarles is a member of the Church of Jesus Christ of Latter-day Saints. [42]
Raskin, a former Fed governor and Treasury official under former President Barack Obama, will replace Randal Quarles who was appointed the Fed's vice chair for supervision by Republican former ...
Eccles is the son of Spencer Stoddard Eccles and Pauline Hope Fox and the grandson of Ellen Stoddard and David Eccles, a Utah banker and industrialist. [2] He earned a Bachelor of Science in finance in 1956 from the University of Utah, where he was also a member of Beta Theta Pi, and a master of business administration in 1958 from Columbia University School of Business.
Became the first cabinet member to announce her resignation, effective on January 11; [56] was criticized by US Senator Elizabeth Warren (D-MA) for resigning rather than voting to invoke the 25th Amendment to remove Trump from office. [57] Assistant Secretary of Health and Human Services for Mental Health and Substance Use: Elinore F. McCance-Katz
WASHINGTON (Reuters) -While President Joe Biden said he would renominate U.S. Federal Reserve chair Jerome Powell, he left Washington guessing as to who would become the Fed's new regulatory chief.
22 November: Alberto Fujimori, President of Peru, in a letter sent from Japan; the resignation is not accepted by Congress which instead declares the president "morally unfit" and removes him from office. 21 December: George W. Bush, Governor of Texas, to assume office as the President of the United States.