randal keith quarles

Trump Laments his Lack of China-Style Control of Fed Policy

Trump Laments his Lack of China-Style Control of Fed Policy

President Donald Trump renewed his attack on the Federal Reserve, complaining it doesn’t “listen” to him and contrasting that lack of obedience with the control that China’s leader wields over its
Powell Marks One Year on the Job as Federal Reserve Turns Dovish

Powell Marks One Year on the Job as Federal Reserve Turns Dovish

Jerome Powell this week marks his first year as chairman as the Federal Reserve under pressure to deliver on the commitment of his opening day to explain “what we are doing and why we are doing it.”
All the Ways Trump Can (And Can't) Influence Powell's Fed Policy

All the Ways Trump Can (And Can't) Influence Powell's Fed Policy

President Donald Trump isn’t happy that the Federal Reserve is raising interest rates. There’s not much he can do about it.
Volcker Rule Rewrite to Drop Trading Burden on Banks, Sources Say

Volcker Rule Rewrite to Drop Trading Burden on Banks, Sources Say

Wall Street is poised to get a big reprieve from the Volcker Rule, as U.S. agencies prepare to scrap a restrictive presumption that most short-term trades violate the post-crisis regulation, three
Trump’s Oil Rant Misses New Reality: High Prices Can Help, Too

Trump’s Oil Rant Misses New Reality: High Prices Can Help, Too

President Donald Trump may have a problem with oil prices being “very high,” but a decline would be a mixed bag for the U.S. economy, thanks to the boom in American energy production.
GOP Rep. Hensarling on Quarles, Stress Tests, Dodd-Frank

GOP Rep. Hensarling on Quarles, Stress Tests, Dodd-Frank

Republican Congressman Jeb Hensarling of Texas, chairman of the House Financial Services Committee, discusses Federal Reserve Vice Chair for Supervision Randal Quarles' testimony before Congress and
Powell’s Inner Circle Takes Shape With Clarida as Fed’s No. 2

Powell’s Inner Circle Takes Shape With Clarida as Fed’s No. 2

U.S. President Donald Trump announced his intention to nominate Richard Clarida, a respected monetary economist and Pacific Investment Management Co. global strategic adviser, as vice chairman of the
House Clears Bill That Makes It Easier to Soften Volcker Rule

House Clears Bill That Makes It Easier to Soften Volcker Rule

The U.S. House passed legislation Friday that would make the Federal Reserve the sole regulator in charge of the Volcker Rule.
Fed Still Reigns Supreme Over Banks, Despite Dodd-Frank Rewrite

Fed Still Reigns Supreme Over Banks, Despite Dodd-Frank Rewrite

Even if the Dodd-Frank overhaul clears the House, U.S. lenders will remain inside a cage built by the Federal Reserve.
Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs

Gary Cohn to Resign as Trump Adviser After Dispute Over Tariffs

Gary Cohn is resigning as President Donald Trump’s top economic adviser, leaving his post as the administration prepares to impose steep tariffs on steel and aluminum that Cohn has opposed.
Trump’s Deregulation Has Had Little Economic Impact, Goldman Says

Trump’s Deregulation Has Had Little Economic Impact, Goldman Says

President Donald Trump’s deregulation agenda for industry has had limited impact on the job market and capital spending during his first year in office, according to Goldman Sachs.
Ten Years After the Crisis, Banks Win Big in Trump’s Washington

Ten Years After the Crisis, Banks Win Big in Trump’s Washington

Industry execs-turned-regulators are undoing Obama-era rules.
Wells Fargo Aside, Washington Is Getting Friendlier to Banks

Wells Fargo Aside, Washington Is Getting Friendlier to Banks

Wells Fargo & Co.’s unprecedented punishment that bans it from growing seems at odds with the pro-business agenda that is sweeping through Washington under President Donald Trump.
Powell Takes Over at Fed With Economy Primed to Heat Up

Powell Takes Over at Fed With Economy Primed to Heat Up

It’s been a long time since an incoming Federal Reserve leader had it this good.
A Wall Street Ally Is Leading the Charge to Roll Back the Volcker Rule

A Wall Street Ally Is Leading the Charge to Roll Back the Volcker Rule

Wall Street watchdogs appointed by President Donald Trump are evaluating a specific proposal for easing the Volcker Rule, one of the financial industry’s most-hated restrictions because it put
Fed Working on Proposal to Ease Up on Bank Leverage Limits

Fed Working on Proposal to Ease Up on Bank Leverage Limits

The Federal Reserve is working to relax a key part of post-crisis demands for drastically increased capital levels at the biggest banks, according to people familiar with the work, a move that could
White House Considers Fed Insider Williams for Vice Chair

White House Considers Fed Insider Williams for Vice Chair

Long-time Federal Reserve insider John Williams has been interviewed by the White House for the post of vice chairman of the U.S. central bank, according to a person familiar with the discussions,
Trump Is Close to Picking His Fed Vice Chairman Nominee, Official Says

Trump Is Close to Picking His Fed Vice Chairman Nominee, Official Says

President Donald Trump is very close to making a decision on his nominee to be vice chairman of the Federal Reserve, said a White House official, speaking on condition of anonymity.
It’s Trump’s Fed Now

It’s Trump’s Fed Now

With so many vacancies, the president will have a shot at molding the central bank.
Wall Street to Get More Help on Stress Tests in New Fed Proposal

Wall Street to Get More Help on Stress Tests in New Fed Proposal

The Federal Reserve is responding to years of complaints over its stress tests for the biggest banks with a proposal to “significantly” open the curtain on how the famously hard-to-predict exams work.