Trump Nominates Randall Quarles to Fed Board

[kreslik.news]

In a move that could have major long term significance, the WSJ reports that the US President has nominated Randall Quarles as overseer of the country’s banking system.

The role was previously filled by Daniel Tarullo, who resigned in April. This move has been expected for months now and could mark the beginning of a period of Trump nominating to the Fed individuals who will help to ease banking regulations and work to keep the dollar weak.

While the direct implications for the retail forex industry in and outside of the US may be limited for now, they could grow if banks get easier regulatory conditions, ... (read more)