Posted on 11/11/2021 1:23:58 AM PST by markomalley
Federal Reserve Governor Randal Quarles said he is stepping down from his post around the end of the year, an announcement that comes a little over a month after ending his run as the Fed’s supervisor of the banking system.
The move was not unexpected but became official Monday and will be effective “during or around the last week of December,” Quarles said in a letter to President Joe Biden.
Though his actual term on the board of governors does not expire for another 11 years, Quarles announced he is walking away from his position as governor. He also had held the special supervisory role that was established to address some of the conditions that led to the 2008-09 financial crisis.
“It has been a great privilege to work with my colleagues on the Board, throughout the Federal Reserve System, and among the global central banking and regulatory community,” Quarles wrote.
Quarles was named to the board in October 2017 to fill a term that expired the following year. He subsequently was reappointed to a term that would have ran out in 2032.
(Excerpt) Read more at cnbc.com ...
The fed is worse than all the alphabet agencies combined.
Interesting to see how these idiots on the fed will deal with inflation. They have zero bullets left.
Interest rates at zero for more than a decade has its consequences.
This is good. The progressive left is going to destroy the Fed from the inside.
They’re going to destroy the dollar too and bring hyperinflation. Saddle up.
Say hello to an energy crisis and 20% interest rates.
Where have I seen this before?
Break out the sweaters.
Biden’s team, he just is mouthpiece
Fed’s Quarles Urges November Taper and Warns of Inflation ...
https://www.bloomberg.com ... Oct 20, 2021
Rat leaving sinking ship?
Possibly.
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