If confirmed, Randal Quarles, an investment-fund manager and former Republican Treasury official, would be the first person to officially sit in a recently formed position on the Federal Reserve that has been referred to as the most powerful position in banking. But Senate Democrats won’t let him lock in the title without a fight. Trump tapped Quarles to be a member of the Board of Governors of the Federal Reserve System and to finally fill the position of vice chairman for supervision on the Fed. …read more
From:: Real Estate Wire