Salient to Investors:

Geithner’s replacement by Lew will end a period of unusually strong ties between the Treasury and the Fed.

Mark Calabria at the Cato Institute said Lew won’t be as defensive of the Fed as Geithner would be.

Brandon Barford at ACG Analytics said with Geithner’s departure, Tarullo is now one of the more dominant personalities at FSOC meetings.

Brian Gardner at Keefe, Bruyette and Woods said Lew lacks significant experience in financial regulatory matters and the financial markets.

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