Trump to Nominate Quarles for Fed's Top Regulatory Post, Source Says
- President said expected to nominate him for vice chairman role
- Former Treasury official now works at Utah private equity firm
Quarles Said to Be Top Pick for Trump Regulatory Post
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President Donald Trump plans to nominate Randal Quarles, a senior Treasury official in the Bush administration, to be the Federal Reserve’s top banking regulator, according to a person familiar with the selection process.
Currently a managing director at a Salt Lake City-based private equity firm, Quarles would bring a background in both domestic and international finance to the role, said the person who asked not to be named because no final decision has been made. He also has years of experience as a banking lawyer.