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Bushs administration, Quarles was a partner at the Davis, Polk & Wardwell law firm. He graduated from Columbia University and has a degree from Yale Law School. In his current post at the Cynosure Group, Quarles helps invest money from wealthy families, including the Eccles family of Utah. Quarles is married to Hope Eccles. Another member of the family, Marriner Eccles, was Fed chairman from 1934 to 1948, and one of the buildings at the central banks Washington headquarters is named after him. If confirmed by the Senate, Quarles might pursue a measured approach to revamping bank rules implemented under the 2010 Dodd-Frank Act, rather than a wholesale dismantling of them. In a 2015 interview, he said a lot of provisions in the law were poorly designed, but he conceded that it will be with us for a long time. http://brodyhallshare.haralsoncounty.org/2017/04/19/an-a-to-z-on-essential-aspects-for-online-training-for-curriculum-vitae/Quarles added that he was sympathetic to some of the post-crisis pressures that led to Congress approving Dodd-Frank, while arguing that in some ways the legislation didnt go far enough. You could have responded to those pressures with a more aggressive restructuring of the financial-regulatory structure of the country without some of the particular provisions that arent well designed and were included for political rather than financial-regulatory reasons, he said in the Bloomberg interview. If confirmed by the Senate, Quarles would be the first ever Fed supervision chief. Dodd-Frank created the position in 2010, though former President Barack Obama never nominated anyone to fill it. Trump officials have been interviewing candidates since late last year, before the president took office.
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