Monday, July 21, 2008

Randal Quarles Sure Does Get Around

Randal Quarles was spotted in Waterloo, Ontario Canada this weekend at an International Monetary Fund conference.

Waterloo's The Record noted coldly:
The conference also drew the presence of Randal Quarles, managing director of the controversial Carlyle Group, the American private-equity investment firm which manages funds of more than $81 billion.

Looks like Quarles would like to see the type of policy advice that is dispensed by the IMF changed. The Toronto Globe and Mail's Kevin Carmichael reported:

Others, including Randal Quarles, a former U.S. Treasury official, said the IMF's standing would improve if it offered policy advice other than that based on orthodoxy or fad.

Something to keep an eye on: Changes in posture and/or personnel at the IMF

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