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.