FEDERAL RESERVE/NOMINATIONS/TRUMP AS PRESIDENT: “The Senate on Thursday [10-5-17] voted to confirm Randal K. Quarles as the Federal Reserve’s vice chairman for supervision, an important victory for the Trump administration in its campaign to reduce financial regulations put in place in the wake of the 2008 financial crisis.
Mr. Quarles is the first person to officially hold the position, created after the crisis to sharpen the Fed’s focus on financial regulation. As a governor on the Fed’s board, he will also vote on monetary policy decisions. Daniel K. Tarullo, who stepped down from the Fed earlier this year, was the Fed’s point man on financial regulation although he did not officially hold the vice chairman title.
The vote, 65-32, means that the Fed will still have four governors on its seven-seat board when its vice chairman, Stanley Fischer, steps down later this month. The Trump administration has not nominated candidates for the three remaining vacancies.”
-Binyamin Appelbaum, “Randal Quarles Confirmed as Federal Reserve Governor,” The New York Times online, Oct. 5, 2017