Economics
Quarles to Exit Fed at Year’s End, Handing Another Seat to Biden
- Quarles’ term as vice chair of supervision had already expired
- His departure clears path for Biden to reshape Fed leadership
Randal Quarles
Photographer: Kyle Grillot/BloombergThis article is for subscribers only.
Federal Reserve Governor Randal Quarles will step down from the central bank in the last week of December, freeing up another vacancy for President Joe Biden to fill as he considers new leaders for the U.S. central bank.
The Fed announced Quarles’ upcoming resignation in a statement on Monday.