Quarles Said to Be Top Pick for Trump Regulatory Post

The transcript discusses deregulation and the appointment of Randall Quarles as vice chairman of the Fed for supervision. Quarles' background in the Treasury and his pragmatic approach to regulation are highlighted. The conversation shifts to the potential impact of practical regulation on banks, suggesting they may be viewed more as regulated utilities. The discussion concludes with the uncertainty surrounding the FOMC's future composition and the debate over a rules-based monetary policy, with references to the Taylor rule and Donald Trump's preference for low interest rates.

What is the main challenge in repealing Dodd Frank according to the discussion?

• Complexity of the legislation

• Opposition from the banking sector

• Insufficient economic benefits

• Lack of political support

What is Randall Quarles' approach to regulation as described in the video?

• Ideological and rigid

• Pragmatic and flexible

• Strict and uncompromising

• Lenient and unstructured

Which administration did Randall Quarles serve under as a prominent Treasury official?

• Barack Obama

• Ronald Reagan

• Bill Clinton

• George W Bush

What is the potential impact of Quarles' appointment on the FOMC's approach to monetary policy?

• Increased focus on international trade

• A shift towards a rules-based policy

• Greater emphasis on fiscal policy

• A move towards deregulation

What is Donald Trump's stance on interest rates as mentioned in the video?

• He advocates for moderate interest rates

• He supports low interest rates

• He prefers high interest rates

• He has no clear stance