Trump to nominate Quarles for Fed's top regulatory post - BBG

Eren Sengezer FXStreet

President Donald Trump plans to nominate Randal Quarles, a senior Treasury official in the Bush administration, according to Bloomberg News' Robert Schmidt and Jennifer Jacobs.

Key highlights:

Quarles would be expected to play a pivotal role in carrying out Trump’s pledge to ease some of the regulatory constraints
The selection would reflect “the pendulum shifting from tougher regulation to neutral,” Mike Mayo, an independent bank analyst, said in a Monday interview with Bloomberg Television
White House spokeswoman Natalie Strom and a spokeswoman for Quarles didn’t immediately respond to requests for comment

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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