Washington, D.C. — Marc Jarsulic, Vice President for Economic Policy at the Center for American Progress, released the following statement today after Federal Reserve Governor Daniel Tarullo tendered his resignation:
As a Federal Reserve governor, Daniel Tarullo has been an extraordinarily effective public servant. He played a central role in the implementation of the Dodd-Frank Act’s financial reforms and led the board’s efforts to establish regulations that have made the financial system more stable and less likely to fuel asset bubbles. In doing so, he has helped protect American households from the financial market distortions that helped produce the financial crisis and Great Recession, and the U.S. public should be grateful for his service.
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