Quarles says Congress should rein in Fed funding

Randal Quarles
Randal Quarles

Federal Reserve Board vice-chair Randal Quarles said the US congress should create a new body to take over the Fed’s emergency liquidity programmes.

In what he called his “final speech” in office, Quarles warned governments might be tempted to make the Fed’s emergency funding programmes permanent. He also criticised current capital limits for US banks, saying they were unnecessarily restricting lending.

Speaking to the American Enterprise Institute, a right-leaning think-tank, Quarles said

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: