Money & Business
What do you need to know about Donald Trump's nominee to oversee US banking?
...Open Market Committee (FOMC), and its decisions, like those of the Supreme Court, are final. There are few or no absolute rules, and there is no appeal. Quarles, however, has described the discretionary decisions of this small group as “a crazy way to run a railroad.” Instead, Quarles argues that the Fed should use a rules-based approach, with little or no discretion....