Fed's Quarles: Current flattening of yield curve is not a signal pointing to a recession
Speaking in Washington
Fed's Quarles is in Washington speaking at the Bretton Woods committee annual meeting in Washington.
His comments are varied:
- Crypto currencies currently do not pose serious risks to financial stability
- Smaller banks should get different liquidity rules
- He doesn't view current flattening of yield curve as a signal pointing to a US recession