Hints and tips:
...Separately, Fed governor Randal Quarles announced yesterday he is to leave the US central bank next month....
...Gensler testimony: Securities and Exchange Commission chair Gary Gensler testifies before the House Financial Services Committee at noon....
...First, they need to pay attention to who replaces Randal Quarles as head of financial oversight at the Fed, since these issues will partly fall into his or her lap (along with the newly hyperactive SEC)....
...Randal Quarles’ tenure as Fed vice-chair for supervision, which is responsible for banking regulation, expired this month without a replacement and no one has been tapped for the job....
...“The rest of the world is increasingly aware of how much it owes to Gary Cohn [Mr Trump’s first NEC director] for directing the previous Fed appointments....
...Gary Cohn, the National Economic Council director, enjoyed an early run at the job before falling from favour after criticising the president’s response to the Charlottesville protests....
...The possible candidates to replace her include Gary Cohn, the director of Mr Trump’s National Economic Council....
...Apart from reappointing her, other options include selecting Kevin Warsh, a member of the Fed’s board from 2006 to 2011, Gary Cohn, the White House chief economic adviser, and Jerome Powell, a current Fed...
...Randal Quarles, the Federal Reserve official who oversees banks, warned on Thursday that digital currencies are a “niche product” that have yet to prove themselves in a time of crisis....
...Furthermore, Randal Quarles, the Fed’s regulatory chief, said the central bank would consider easing average requirements for bigger financial institutions....
...Gary Cohn, who emerged as a frontrunner to be the next Fed chair during the summer, has more recently soured his prospects by publicly attacking Mr Trump’s response to the Charlottesville violence in the...
...But the Senate is yet to confirm Mr Quarles or a second Trump nominee for the Fed, which is Goldman’s primary regulator....
...Ditto Randy Quarles, a former private-equity bigwig, who is in line to become the vice-chair of supervision at the Fed....
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