Randal Keith Quarles (born September 5, 1957)[1][failed verification] is an American private equity investor and attorney who served as the first Vice Chair of the Federal Reserve for supervision from 2017 to 2021.

From August 2001 until October 2006, Quarles held several financial policy posts in the George W. Bush administration, ultimately serving as Under Secretary of the Treasury for Domestic Finance.

[3] In 2012, Quarles was widely mentioned as a possible Treasury Secretary or senior White House adviser in future Republican administrations.

[4][5][6][7][8] In July 2017, Quarles was nominated by President Donald Trump to be board member and vice chair for supervision of the Federal Reserve System.

While at Columbia, Quarles took a two-year leave of absence to serve as a volunteer missionary for the Church of Jesus Christ of Latter-day Saints in Quebec.

[2] Upon graduation from Yale, Quarles was hired as an associate at the Wall Street law firm of Davis Polk & Wardwell.

[26] From August 2001 until April 2002, Quarles was the U.S. Executive Director of the International Monetary Fund, where he represented the United States in negotiations over the IMF's response to financial crises in Argentina and Turkey.

On July 10, 2017, Quarles was nominated by President Donald Trump to fill a vacant position on the Federal Reserve Board of Governors expiring January 31, 2018, a new 14-year term expiring January 31, 2032, and also the position of Vice Chair of the Federal Reserve for Supervision for a four-year term.

[35] He continued to serve on the Board as an acting member pending his renomination January 8, 2018, and ultimate confirmation July 17, 2018, by a vote of 66–33.