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...— Hot Rocks, Part Three: Barriers to Next-Gen Geothermal (Employ America & Institute for Progress) — DJ Ponzi (New York Magazine) — Former Fed vice chair Randal Quarles on bank-capital regs, SVB and...
...Cordell Hull, secretary of state, bounced the Reciprocal Free Trade Act through Congress, which began to reverse the protectionist drift of the Great Depression....
...The Biden administration has other positions at the central bank to fill, including a replacement for Randal Quarles, the current vice-chair of supervision, whose term ends in October....
...Tim Adams, head of the Institute of International Finance, another bank lobby group, said: “Randy Quarles is one of the finest, most thoughtful people I know.”...
...The administration on Tuesday named one of the key figures in its quest to ease the load of regulation, nominating Randal Quarles to be vice-chair for financial supervision at the Federal Reserve....
...If they pass through Senate confirmation, appointed officials such as David Malpass and Adam Lerrick, who would oversee the administration’s international policies, and Randal Quarles, the prospective vice-chairman...
...Tim Adams, president of the Institute of International Finance lobby group who worked with Mr Powell during the first Bush administration, said he expected Mr Powell to get through his Senate confirmation...
...However, Randal Konik at Jefferies cautioned against buying the relief rally and said “we attribute this morning’s strength to very low expectations and our data-driven work provides us with conviction that...
...Still, Randal Konik at Jefferies said investors would welcome the change of leadership, “as the outgoing CEO did a great job of protecting the brand but didn’t communicate as much urgency in product newness...
...Additional reporting by Adam Samson in New York...
...This doesn’t seem to be anything significant,” says Randal Picker, a professor at the University of Chicago Law School. Another ominous sign: Google’s own apparent lack of contrition....
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