On the recordOctober 5, 2017
I rise today to applaud the nomination of Randal Quarles to help oversee the Federal Reserve System. Mr. Quarles is certainly eminently qualified to serve in this capacity in this important position. Through his long experience in public service and the private sector, Mr. Quarles has gained experience in financial regulation, economics, and the firsthand operations of financial institutions. He also has a proven track record of leadership and policy management. The Fed's responsibilities are extensive, and they are varied, and the roles Mr. Quarles has been nominated for come during a unique period in the Fed's history. The years ahead will be decisive for the development of the Federal Reserve, the American economy, as well as domestic and international financial reform. It is paramount that the Fed be equipped with a well-rounded leadership team so it can meet the many challenges and opportunities of maintaining monetary and financial stability. I firmly believe that Mr. Quarles is an ideal fit to take on such responsibilities--for the success of the Federal Reserve and the good of our Nation. In closing, I applaud and strongly support the President's nominee to help oversee the Federal Reserve System. I know him personally. I know what a fine man he is. I know what an excellent leader he is. He will do a good job. Importantly, I would note that it is the intention to confirm Mr. Quarles to the position of Vice Chair for Supervision--another essential role.…
