washington u.s. senate thursday confirm randal quarles federal reserve top official regulatory matter fill role critical trump administration goal lighten post-financial crisis regulations quarles confirm feed vice chair supervision senate approve member feed board governors vote 65 32. bank sector widely expect quarles play key part u.s. president donald trump efforts reduce financial regulatory burden effort spur economic growth lead voice modifications stress test live will so-called volcker rule ban proprietary bank trade major regulatory initiatives emerge follow 2007-2009 financial crisis confirmation hear july quarles say want look simplify rule around many project argue would make easy bank comply without reduce effectiveness democratic lawmakers oppose quarles point background comment favor light regulations vote pick quarles former wall street lawyer investor serve u.s. treasury department republican presidents george h.w bush george w. bush everything know mr. quarles say fight hard behalf big bank senator elizabeth warren say senate floor thursday also join feed vote member monetary policy confirmation hear quarles back away prior support rules-based approach set interest rat bring line current approach feed officials speak reuters summit tuesday feed governor jerome powell say delight quarles appointment progress know 25 years close friend think terrific appointment look forward reunite work together bush treasury 25 years ago please add feed understaffed recent months u.s. senate approve trump pick top feed regulatory official