doi:10.7916/kmne-gc56Oral history interview with Daniel K. Tarullo, 2021Tarullo, Daniel Koral historiesmixed materialPresidents--Transition periods--United StatesPresidents--United StatesGlobal Financial Crisis, 2008-2009--United StatesIncome distribution--United StatesTransparency in government--United StatesTarullo, Daniel KObama, BarackBoard of Governors of the Federal Reserve System (U.S.)United StatesUnited States. Federal Open Market CommitteeDodd-Frank Wall Street Reform and Consumer Protection ActDaniel Tarullo discusses his contribution to the monetary and regulatory policy of the United States during the years of the Obama presidency, throughout which he served in a variety of roles including as a member of the Board of Governors of the U.S. Federal Reserve System, a member of the Federal Open Market Committee (FOMC), the Federal Reserve's representative to the Financial Stability Board, chair of the Committee on Supervision and Regulation, and the chair of the Federal Reserve's Committee on Supervision and Regulation. Tarullo focuses on the regulatory conditions that allowed for the activities that led to the global financial crisis, the Obama administration's pursuit of financial system regulatory reform, and the distribution of regulatory authority over actors in the financial system across the federal government. He provides details about major policies, legislative processes, and initiatives with which he was closely involved, including the development and implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act, stress tests on major financial institutions, and regulatory negotiations with international counterparts. Tarullo also reflects generally on the status of the Federal Reserve in the American system of government, recounts discussions surrounding proposed transparency reforms, and describes the capacity of the central bank to impact major economic trends including the shape of the recovery from the post-2008 recession and rising economic inequality. Also discussed are relations between the reserve banks in the Federal Reserve system, the effects of the increased size of banks on the financial system, interagency coordination in regulatory processes, oversight of non-bank financial institutions, the Volcker Rule, debates among FOMC members about interest rate policy and the prospect of inflation, Tarullo's relationships with Ben Bernanke and Janet Yellen, and Tarullo's role on the Obama 2008 campaign and in the Obama transition project