Fed Governor Randy Quarles' term as Fed VC for Supervision and Regulation ended this week, with no replacement nomination from Biden in sight. But this is just one of four major hats Quarles wears at the Fed. Fed reporter extraordinaire Victoria Guida joins the show to talk about what it all means and how this story is the perfect example of how strange the Fed's governance structure is.

On Twitter: @vtg2, @KalebNygaard 

"Fed’s bank cop loses top role as leadership shakeup looms"