Trump Nominates Quarles as Fed's Top Bank Regulator

Trump Nominates Quarles as Fed's Top Bank Regulator

Assessment

Interactive Video

Business, Social Studies

University

Hard

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The video discusses the appointment of a new vice chairman for supervision at the Federal Reserve, a role created by the Dodd Frank Law. The new appointee, an establishment Republican with experience in previous administrations, is expected to take a lighter approach to regulation. While he cannot change legislation, he can influence enforcement and potentially ease stress test requirements for banks.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

Who is the vice chairman of the Federal Reserve mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What position was created at the 2010 Dodd Frank Law?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of Dan Tarullo in relation to the vice chairman for supervision?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the new vice chairman's approach to regulation differ from a more stringent approach?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What potential changes to stress tests at the Federal Reserve are suggested in the text?

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