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 challenges does Dodd-Frank face in terms of political feasibility for repeal?

In what ways might the Federal Reserve's approach to regulation change under Quarles?