More recently, Quarles was appointed chair of the Financial Stability Board, an international body that monitors and makes recommendations about the global financial system. He will serve a three-year term that ends in December 2021.

Who is Quarles?

Francis Quarles, (baptized May 8, 1592, Romford, Essex, England—died September 8, 1644, London), religious poet remembered for his Emblemes, the most notable emblem book in English. The son of a minor court official, Quarles was educated at the University of Cambridge and at Lincoln's Inn, London.

How many Fed governors are there?

It is run by seven members, or "governors," who are nominated by the President of the United States and confirmed in their positions by the U.S. Senate.