Senate Banking Chair Sees Quarles Gone as Fed Supervision Chief
- Warren also has put pressure on Biden for new appointment
- Quarles’s tenure as vice chair of supervision due in October
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Senate Banking Committee Chair Sherrod Brown said he expects Federal Reserve Vice Chair Randal Quarles’s oversight of the central bank’s financial supervision to end with the conclusion of his term in October.
“He has frankly done the bidding of Wall Street far too many years,” Brown said of Quarles in an interview on Bloomberg Television’s “Balance of Power” with David Westin on Thursday. “He should not be there after October. I’d be very surprised if the president reappointed him.”