Washington • The Senate on Tuesday confirmed a Salt Lake City investor to the board of governors of the Federal Reserve for a 14-year term.
Randal Quarles, the founder and managing director of Salt Lake City-based The Cynosure Group, has been serving on the Federal Reserve board, though his term officially expired in January.
The Senate on Tuesday voted 66-33 to confirm Quarles as a member of the Federal Reserve board through 2032, ending any concern that he was still serving in a role while seeking a vote of the GOP-led chamber.