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The
U.S. Senate voted 62-33 to limit debate on Randal Quarles'
nomination to join the Fed's Board of Governors, guaranteeing
opponents could not delay his confirmation.
Quarles is eventually expected to fill the role of vice chair
for supervision at the Fed, making him the top official at the
central bank in charge of regulatory issues.
The Senate will vote to name Quarles formally to that post at a
later date, after he has joined the Fed board.
Quarles is a prominent investor and former Treasury Department
official. Trump nominated him in July.
Analysts said the appointment of Quarles and the October
departure of Federal Reserve Vice Chair Stanley Fischer, who had
spoken out against weakening Wall Street regulations, could
accelerate Trump's deregulation agenda, potentially saving banks
such as Goldman Sachs Group Inc <GS.N>, JPMorgan Chase & Co
<JPM.N> and Morgan Stanley <MS.N> billions of dollars.
(Reporting by Pete Schroeder; Editing by Lisa Shumaker)
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