Federal Reserve Governor Randal Quarles to Resign at End of YearEpoch Times, United States politics | The Epoch Times

Randal Quarles, a President Donald Trump-appointed Federal Reserve governor, said Monday that he will resign in December. Quarles was appointed to a four-year term as the Fed’s vice chairman for bank supervision, a role created after the financial crisis but never officially filled during the Obama administration, in October 2017 by Trump. His term as the Fed’s vice chair expired in October. He could have kept his position as Federal Reserve governor until 2032. “After more than four years as a member of the Board of Governors of the Federal Reserve System, and given the completion last month of my term as Vice Chairman for Supervision of the Board, I intended to resign my position as a Governor of the Federal Reserve during or around the last week of December of this year,” he wrote in a letter (pdf) to President Joe Biden. Quarles’s term as head of the Financial …Read More

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