The top Federal Reserve official charged with financial regulation said on Friday that he would resign, just a week after the new administration of President Donald Trump said it would undertake a review of what it sees as onerous bank rules.
Daniel Tarullo, who had served at the Fed since 2009 and helped shape its response to the 2008-2009 financial crisis, said in a letter to Trump on Friday he would leave the central bank "on or around April 5."
The new administration has already said it would appoint a new Fed governor charged with heading financial regulation, a post in which Tarullo was never formally confirmed. That person has not yet been named.
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