BREAKING NEWS

BREAKING NEWS

Fed's Quarles does not comment on monetary policy, economy

Now Reading :

Fed's Quarles does not comment on monetary policy, economy

Fed's Quarles does not comment on monetary policy, economy
@ Copyright :
Brendan McDermid(Reuters)
Text size Aa Aa

PALO ALTO, Calif. (Reuters) - The Federal Reserve is "helping community banks remain competitive" and continue to play a central role in rural communities, in part by reducing regulations for smaller banks, Fed Governor Randal Quarles told the Stanford Institute for Economic Policy Research on Wednesday.

He did not comment on the economic outlook or monetary policy in his prepared remarks, which focussed on banks in the Western United States.

(Reporting by Ann Saphir; Editing by Sandra Maler)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.