Trump nominated new chief executive for banking regulation

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Trump nominated new chief executive for banking regulation

Trump nominated new chief executive for banking regulation

Washington – US President Donald Trump has stamped the Fed for the first time with a staff. Randal Quarles was to be responsible for banking regulation in the future, the White House said. Quarles is a former employee of the Treasury in George W. Bush’s government and is currently working for a Salt Lake City affiliate. He is to follow Daniel Tarullo, an advocate of a strict banking regulation, which had resigned in April.

 

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