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ARTICLE · 11 NOVEMBER 2021

FRB Governor Quarles Resigns

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Federal Reserve Board Governor and former Vice Chair for Supervision Randal K. Quarles gave notice of his resignation, effective around the last week of December.

United StatesFinance and Banking
Daniel Meade
Daniel Meade
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Federal Reserve Board Governor and former Vice Chair for Supervision Randal K. Quarles gave notice of his resignation, effective around the last week of December.

Mr. Quarles served simultaneously as FRB Vice Chair for Supervision (he completed his term in October 2021) and Chair of the Financial Stability Board (for which his term ends December 2, 2021), overseeing domestic and international financial systems during the COVID-19 pandemic.

Prior to his appointment in October 2017, Mr. Quarles served at Treasury under both Bush administrations in various senior positions, including as Under Secretary for Domestic Finance, and was also the U.S. Executive Director of the International Monetary Fund.

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