Mr. Tarullo’s departure from the Fed’s board of governors will leave three vacant seats on the seven-member
board, offering President Trump an immediate opportunity to reshape the central bank.
Mr. Tarullo joined the Fed in January 2009 as the Obama administration’s man at the central bank, with responsibility
for overseeing the Fed’s overhaul of its regulatory operations in the wake of the 2008 financial crisis.
But Mr. Tarullo, an early supporter of Barack Obama’s who advised him on economic policy during his 2008 campaign, was
never nominated to serve as the Fed’s vice chairman for regulation, a position created in the aftermath of the crisis.
WASHINGTON — Daniel K. Tarullo, the Federal Reserve official who has led its efforts to strengthen
financial regulation, announced on Friday that he would resign in early April.
