Fed's Quarles says he is optimistic about outlook for U.S. economy
The U.S. economy is likely to be able to avoid the worst outcomes that were feared in the wake of the coronavirus pandemic, said Randal Quarles, the Fed's vice chairman for banking supervision, on Wednesday. "A recovery is underway and the world seems to be adjusting in ways that allow us to address public concerns about the virus without sudden stops in economic activity," Quarles said, in a speech to the Institute of International Bankers. Quarles said there are signs of the beginnings of a... Читать дальше...