Federal Reserve Board Vice Chairman for Supervision Randal K. Quarles was sworn in to a 14-year term as a member of the board Monday. The oath of office was administered by Fed Chairman Jerome (“Jay”) Powell in the Board Room.
Quarles has served as a Fed Board member since Oct. 13, 2017, to fill a term that expired this January. He was confirmed to his second term by the Senate on July 17. His term as a board member ends Jan. 31, 2032, and his term as vice chairman for supervision ends Oct. 13, 2021.