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Trump nominee clears Senate hurdle to join Federal Reserve
Source: Reuters
#BUSINESS NEWS OCTOBER 4, 2017 / 5:03 PM / UPDATED 2 HOURS AGO
Trump nominee clears Senate hurdle to join Federal Reserve
Pete Schroeder
2 MIN READ
WASHINGTON (Reuters) - The head of a private investment firm came one step closer to leading the Federal Reserve’s regulatory efforts Wednesday, a key post as President Donald Trump endeavors to trim regulations to boost economic growth.
The U.S. Senate voted 62-33 to limit debate on Randal Quarles’ nomination to join the Fed’s Board of Governors, guaranteeing opponents could not delay his confirmation.
Quarles is eventually expected to fill the role of vice chair for supervision at the Fed, making him the top official at the central bank in charge of regulatory issues.
The Senate will vote to name Quarles formally to that post at a later date, after he has joined the Fed board.
-snip-
Trump nominee clears Senate hurdle to join Federal Reserve
Pete Schroeder
2 MIN READ
WASHINGTON (Reuters) - The head of a private investment firm came one step closer to leading the Federal Reserve’s regulatory efforts Wednesday, a key post as President Donald Trump endeavors to trim regulations to boost economic growth.
The U.S. Senate voted 62-33 to limit debate on Randal Quarles’ nomination to join the Fed’s Board of Governors, guaranteeing opponents could not delay his confirmation.
Quarles is eventually expected to fill the role of vice chair for supervision at the Fed, making him the top official at the central bank in charge of regulatory issues.
The Senate will vote to name Quarles formally to that post at a later date, after he has joined the Fed board.
-snip-
Read more: http://www.reuters.com/article/us-usa-senate-fed/trump-nominee-clears-senate-hurdle-to-join-federal-reserve-idUSKBN1C92X7