Fed governor Daniel Tarullo, who oversaw bank supervision, to resign
Feb 11 2017
Daniel Tarullo, the point man on bank regulation at the Federal Reserve, announced on Friday he's stepping down in April, more than four years ahead of schedule.
"Tarullo's resignation only further cements our view that significant change is coming to the Federal Reserve Board of Governors over the next 18 months", Barclays Research said in a client note.
Tarullo was tapped to fill an unexpired term ending January 31, 2022.
In a two-sentence resignation letter Friday to Trump, Tarullo said that it has been "a great privilege" to work with former Fed Chairman Ben Bernanke and Chair Yellen during such a "challenging period for the nation's economy and financial system".
Militants kill 6 Red Cross workers in Afghanistan
On Wednesday, six members of the ICRC were shot dead by group of armed men described by the local police as pro-Daesh rebels. The motive behind the attack remains unknown, and no group has taken responsibility for it so far.
Freezing rain may impact Tuesday morning commute
Sustained wind speeds of 13 to 15 miles per hour are forecast for the Tri-Cities, with gusts up to 23 miles per hour . Before this changeover happens, a widespread accumulation of 3 to 6 inches of snow is expected.
Tarullo's departure would leave three vacant seats on the Fed board.
"The government's future approach to bank capital depends on the president's pick for vice-chairman for supervision at the Fed, Comptroller of the Currency and FDIC chairman", Seiberg said. Tarullo essentially filled that role, but would have likely found his powers and influence curtailed by a Trump-appointee.
Both Tarullo and Federal Reserve Chair Janet Yellen have said the Dodd-Frank financial regulations, introduced in the wake of the 2008 crisis should not be watered down, saying they had reduced the risks in the financial system. During this tenure, he served as chairman of the Board's Committee on Supervision and Regulation and chairman of the Financial Stability Board's Standing Committee on Supervisory and Regulatory Cooperation. Trump will also be filling key openings at other financial regulators, including the Office of the Comptroller of the Currency.
Tarullo, 64, had been a law professor at Georgetown University Law Center before joining the Fed board in 2009.
Feb 10 2017 Arizona mother deported to Mexico in immigration action
As protestors surrounded the auto and held signs urging ICE not to breakup families, they shouted "liberation, not deportation". Some chanted, "Liberation, not deportation", and her daughter, Jacqueline, held a sign that read "Not one more deportation".
Feb 09 2017 Area Students Blame Falcons-Related Illnesses for Tardiness
These moves mean the Falcons will follow their Super Bowl appearance with significant staff changes on both sides of the ball. Per multiple reports , quarterbacks coach Matt LaFleur will also leave the team to become offensive coordinator with the Rams.
Feb 08 2017 Alastair Cook reveals one regret as England captain
Root has just seven Tests before next winter's Ashes series, which is little time to get used to the role. They chose to back their captain who was younger and more central to their plans going forward.
Feb 07 2017 Random fan scores date with Eugenie Bouchard
Fast-forward a couple of hours later and the Patriots pulled of the miracle to beat the Falcons 34-28 in overtime. Although he doesn't appear in her Instagram photos, one image revealed the unique tattoos on his left arm.
Feb 07 2017 Xiaomi set to launch Redmi Note 4X on Valentine's Day
Xiaomi Redmi Note 4X is set for an official release on Valentine's Day, latest reports coming from China can confirm. After launching the Redmi Note 4 previous year , Xiaomi is all set to take the wraps off the follow up smartphone.
Feb 04 2017 What Could Hudson's Bay see in Macy's — Business Report
Shares of Macy's rose as much as 12 percent Friday, its biggest intraday gain since August 11, according to Bloomberg. Last month, Macy's announced plans to cut more than 10,000 jobs and close stores, including one at the Everett Mall.