28-07-2017 18:45 via deseretnews.com

Confirmation expected for Utah man nominated to Federal Reserve Board

WASHINGTON — Utah native Randal Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules.At his Senate confirmation hearing Thursday, Quarles said he agreed with recent recommendations of the man he'd replace as the head of bank oversight. The predecessor, Daniel Tarullo, only filled the role informally.Quarles, who was raised in Roy and graduated from Roy High School in 1975, was nominated
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