Daniel Tarullo resigns from the Fed (!)

The big impacts from Republican control of the US Federal government just keep coming. On Friday, Daniel Tarullo, Board Member of the Federal Reserve and a major figure in global financial regulation, announced his resignation effective this April, five years before the expiration of his term. His departure means that the Fed has lost a major and insightful voice even if we didn’t often agree with him. It also means that Republicans can appoint three new Fed Board governors.

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