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McHenry Statement on Departure of Fed Governor Quarles

Washington, Nov 8 -

Today, the top Republican on the House Financial Services Committee, Patrick McHenry (NC-10), issued the following statement regarding Randal Quarles’ announcement of his forthcoming departure from the Federal Reserve Board of Governors:

“Governor Quarles has been a tireless advocate for strengthening our financial system throughout his time on the Federal Reserve Board," said Republican Leader McHenry. "As Vice Chair for Supervision, he has steadfastly spearheaded efforts to right-size overly burdensome regulations, helping to foster financial inclusion. Governor Quarles also played a critical role in in our whole-of-government response to COVID-19. I thank him for his service to build a robust recovery and ensure the long-term success of our nation’s economy. President Biden should appoint someone in Governor Quarles’ mold.”

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