Daniel Tarullo, the Fed’s point man on regulation, suddenly resigned on February 10.
Tarullo was the Fed’s point man on regulation, and his announcement came just days after the new administration announced it was ready to tear up the very post-financial-crisis rules that Tarullo, Fed officials, and other regulators have spent years debating and implementing.
Tarullo’s term was not due to expire until 2022. He could have, as The New York Times’ Binyamin Applebaum tweeted, stayed on to fight against the looming rollback.
It’s impossible to predict which direction Trump will go with this as he says the right thing some of the time and then someone gets to him, and he changes his mind!