Randal Quarles, the vice chairman for supervision at the Federal Reserve, won confirmation for a second term at the central bank Tuesday, as the Senate voted 66 to 33 to give him a 14-year re-up as a member of the Board of Governors.
The Senate originally installed Quarles as the top financial regulatory manager in October, but the term of the board slot he was confirmed to expired in January. Tuesday’s vote means that he could stay in office until 2032, although Fed officials rarely fill out their terms. Quarles’ term as vice chairman expires sooner, in 2021.
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