Trump Nominates Quarles as Fed's Top Bank Regulator

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.

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

What position was created at the 2010 Dodd Frank Law?

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

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

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