Hints and tips:
...Other attendees include former Bank of Japan governor Haruhiko Kuroda, John Taylor of the Taylor rule fame and former Fed officials Richard Clarida and Randal Quarles....
...Quarles added that he “would also be quite wary of further increases in inflation expectations in this environment....
...She would replace Randal Quarles, whose term ended in October....
...previously served as a Fed governor and as the secon-most powerful Treasury official during Barack Obama’s second term — and is expected to bring a tougher approach to banking regulation compared with Randy Quarles...
...Our Washington bureau chief James Politi said Quarles was already on the fence about leaving....
...to leave post next month - with James Politi https://www.ft.com/content/6e312624-0399-4d76-85e9-80e61f1f8c91 SoftBank unveils $8.8bn share buyback following investor pressure - with Kana Inagaki https...
...Fed governor Lael Brainard is most often mentioned as a possible candidate either to replace Powell or Quarles....
...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....
...While John Williams, president of the New York Fed, and Brainard as the new vice-chair will remain constants, he loses Richard Clarida and Randal Quarles, the two current vice-chairs....
...Quarles said the discussion about curtailing the massive monetary stimulus put in place by the Fed during the pandemic was a matter of “risk management”....
...Randal Quarles, a Fed vice-chair, on Wednesday said he believed that even after “discounting temporary factors”, the increase in US inflation since December would “prove sufficient” to merit a drawdown in...
...Randal Quarles’ tenure as vice-chair for banking supervision is set to end in October, and there is one remaining vacancy on the board of governors....
...Leadership at the Fed is largely aligned with this view: Powell is on the more dovish side of the centrist spectrum, as is Richard Clarida, the vice-chair, while Randal Quarles, the vice-chair for supervision...
...Complicating the selection process is a number of other Fed vacancies the Biden administration has to fill, including the vice-chair of supervision position that was vacated by Randal Quarles in October....
...In an interview with the Financial Times, James Bullard, president of the St Louis Fed, said that despite data showing non-farm payrolls still 8m jobs short of pre-pandemic levels, other indicators were...
...“The banking system continues to be a source of strength, and returning to our normal framework after this year's stress test will preserve that strength,” Randal Quarles, the Fed’s vice-chair for supervision...
...Last week Fed vice-chair Randal Quarles said the framework was designed for the current world with “slow workforce growth, lower potential growth, lower underlying inflation and, therefore, lower interest...
...Although uncertainty remains, this stress test will give the public additional information to its resilience,” Randal Quarles, the Fed’s vice-chair for supervision, said in a statement....
...strength during the past year and today’s stress test results confirm that large banks could continue to lend to households and businesses even during a sharply adverse future turn in the economy,” Randal Quarles...
...In MGM, the film studio behind storied franchises such as James Bond and Rocky, Bezos might have found what he is looking for. But many remain sceptical....
...“The Fed’s stress tests earlier this year showed the strength of large banks under many different scenarios,” said Randal Quarles, the Fed vice-chair responsible for financial regulation....
...Now, though, as we approach Christmas and he’s added a Santa costume, James Thorneley says the project has “snowballed”....
...Additional reporting by James Politi...
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