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Tags: Financial Markets | Infrastructure | Money | Federal Reserve Chairman Randal Quarles

Fed's Quarles to Resign Board Seat End of December

Randal Quarles
Federal Reserve Governor Randal Quarles is leaving at the end of December. (AP)

Monday, 08 November 2021 11:08 AM

Federal Reserve Gov. Randal Quarles will leave his board seat in late December, the Fed announced on Monday.

Quarles, who President Donald Trump in 2017 appointed as the Fed's vice chair for supervision, and who served in the role up until Oct. 14, noted in a letter announcing his resignation plans to Pres. Joe Biden that his term as vice had ended in October.

His role as chair of the international Financial Stability Board expires Dec. 2.

His term on the Fed board, in theory, would have allowed him to remain as a governor until 2032.

© 2022 Thomson/Reuters. All rights reserved.


StreetTalk
Federal Reserve Gov. Randal Quarles will leave his board seat in late December, the Fed announced on Monday.
Federal Reserve Chairman Randal Quarles
96
2021-08-08
Monday, 08 November 2021 11:08 AM
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