Fed’s Quarles prepared remarks up for grabs

Adding to the number of Fed speakers today, Fed’s Quarles prepared remarks are now crossing the wires before he testifies tomorrow at the Congressional House committee in Washington DC.

However, there have not been any comments on the economy or monetary policy.

• Fed to maintain ‘core elements’ of post crisis rules
• Fed will seek ways to enhance effectiveness of rules
• Banks must maintain discipline, strong risk management
• Banks must keep pace with financial technology
• Bank system strengthened considerably in past decade
• Fed monitors ongoing risks that pose potential threats

Fed's Kaplan now crossing the wires: expects 3 rate hikes 2018

About Randal Keith Quarles

Randal Keith Quarles is a member and vice chair for supervision of the Federal Reserve Board of Governorssince October 2017. His term as Vice Chairman for Supervision ends on October 13, 2021.