WASHINGTON—The Senate on Thursday approved Randal Quarles for a key banking oversight post on the Federal Reserve Board, marking President Donald Trump’s first imprint on the central bank and his first full-time appointment of a banking regulator.
The vote to confirm Mr. Quarles to the Fed board was 65-32, with 14 Democrats supporting the nomination along with all Republicans and one independent. A former Treasury Department official, investor and banking lawyer, Mr. Quarles is expected to oversee the Fed’s work on a broad…