Salt Lake City, Utah, USA
Quarles is an ideal pick not only for his unrivaled qualifications but also his unimpeachable integrity, incisive mind, unflappable demeanor and personal eloquence.
If such epithets seem hyperbolic, then you don’t know Quarles.
While the White House has yet to make a formal announcement, it was widely reported on Friday that Trump has tapped Quarles to fill a vacancy for the Fed’s vice chairman of bank supervision, or, as Politico dubbed it, the nation’s “top bank cop.”
According to some cursory research, it appears that Quarles will become only the second Utahn (and second Latter-day Saint) to serve on the Fed’s board, which sets the nation’s monetary policy.
The other Utahn? Marriner Stoddard Eccles.
Eccles was chairman of the Federal Reserve from 1934 to 1948. And it just happens that Quarles married Hope Eccles — Hope’s grandfather was Marriner’s brother.
Apart from the mystical familial connection, Quarles possesses a charismatic combination of an analytical mind, honed by experience, and a magnanimous personality that seems tailor-made for the post.
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