New Fed regulation head unlikely to roll back all Trump changes

Progressives see climate and crypto as priorities over toughening Volcker Rule or tailoring

Federal Reserve

Candidates for the vice-chair of supervision post at the US Federal Reserve are likely to prioritise tackling new challenges over reversing Trump-era regulatory easing, according to ex-regulators and progressive lobbyists.

“It will be difficult to fully roll back everything that [former vice-chair Randal] Quarles did [when] other things need to be addressed … [such as] climate and crypto,” says Lee Reiners, executive director of the Global Financial Markets Center at Duke University and a

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