Fed Quarles to resign at the end of December

Term as Vice Chair of Supervision ended in October, Term as Chair of Financial Stability Board

Fed Governor Randy Quarles is to resign at the end of December.

That brings the number of Fed Governor positions that Pres. Biden will have to fill ahead:

  • Randy Quarles
  • Richard Clarida ends in January
  • Fed Chair Powell who's term ends in February
  • One other unfilled seat.

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