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If confirmed by the Senate, Quarles would be the first ever Fed supervision chief. Dodd-Frank created the position in 2010, though former President Barack Obama never nominated anyone to fill it. Trump officials have been interviewing candidates since late last year, before the president took office. The choice had been bogged down by a lack of agreement among the presidents advisers and industry lobbying, people familiar with the matter have said. General Electric executive David Nason, who had been National Economic Council chief Gary Cohns favored pick, withdrew his name in early March. Other candidates who had emerged since then included Washington attorney Thomas Vartanian and Hal Scott, a Harvard Law School professor and noted critic of regulation. The Fed vice chairman sits on the central banks seven-member board of governors, meaning the appointee gets a vote on interest rates. Quarles would probably be an advocate for rule-based monetary policy, in which rate decisions are formulaic and tied to changes in inflation, employment and other economic data. House Financial Services Committee Chairman Jeb Hensarling is among Republican lawmakers whove advocated for using that kind of approach for years in setting interest rates.
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Read More The Paradox of Single Parents and Babysitters: Although single parents are more likely to say cost prevents them from hiring a sitter, theyre actually more likely to spend at least $1,000 on babysitters than their married counterparts (58% vs. 38%, respectively). Single parents are also more likely than married parents to consider their babysitter to be a member of the family (44% vs. 28%, respectively). What are a Babysitters Responsibilities? The top five things parents ask their sitter to do are feed the children, put them to bed, read to them, play games and sports, and offer parent-approved media choices (e.g., TV shows, movies, apps). What Makes A Bad Babysitter? When it comes to babysitter donts, 76% of parents ask their sitter not to be distracted by their phone, and 65% ask that they dont post photos of their children on social media. Yet, the top three things parents have caught their sitter doing without their permission is excessively texting (14%), playing on social media (11%), and watching TV (10%). How Much Do Families Value a Good Babysitter? 77% of parents would give their favorite sitter a pay raise if they asked for one, and almost 1 in 3 (31%) consider their sitter a member of the family.
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