facebook-pixel

Why a federal nominee who lives and works in Utah insists that he’s from Colorado

Geographic diversity requirements stem from 1913 rule that looks unlikely to be enforced in the appointment of Randal Quarles.<br>

FILE - In this March 10, 2005, file photo, Randal Quarles, U.S. assistant secretary of Treasury, speaks to journalists in Tokyo.  Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules. At his Senate confirmation hearing Thursday, July 27, 2017, Quarles said he agreed with recent recommendations of the man he'd replace as the head of bank oversight. The predecessor, Daniel Tarullo, only filled the role informally.  (AP Photo/Shizuo Kambayashi, File)

FILE - In this March 10, 2005, file photo, Randal Quarles, U.S. assistant secretary of Treasury, speaks to journalists in Tokyo. Quarles, President Donald Trump's nominee for the Federal Reserve Board, says he likes a predecessor's ideas for where regulators should prune banking rules. At his Senate confirmation hearing Thursday, July 27, 2017, Quarles said he agreed with recent recommendations of the man he'd replace as the head of bank oversight. The predecessor, Daniel Tarullo, only filled the role informally. (AP Photo/Shizuo Kambayashi, File)