People: Quarles confirmed for Fed role; Nigerian deputy nominated

federal-reserve-beige

US: The US Senate has confirmed the appointment of Randal Quarles as a Federal Reserve governor and the central bank’s first official head of supervision.

The vote was split 65–32, with several Democratic senators voting against the candidate, who is widely seen as being likely to soften some of the US’s post-crisis regulations.

Quarles received a grilling on his suitability for the role during senate hearings in July. Senator Elizabeth Warren accused him of “spinning through the revolving

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