What does the Federal Reserve board of governors do, besides voting on interest rates?

Oct 15, 2021
There are seven members of the board of governors. Usually.
Randal Quarles, a member of the Federal Reserve board of governors, was vice chair for supervision at the central bank until this week. The Fed said that position would go unfilled.
Lintao Zhang via Getty Images

A new regulator for the Federal Reserve may favor deregulation

Jul 11, 2017
President Trump has sent Congress his first nominee for a post at the Federal Reserve. He’s named Randal Quarles as Fed vice chair of supervision. That’s the central bank’s top banking regulator. He’s the first one to hold the position since it was created seven years ago under Dodd-Frank financial reform law. And, maybe ironically, […]