Federal Reserve and the U.S. Economy
Federal Reserve Supervision Vice Chair Randal Quarles testified before the Senate Banking Committee on financial system regulations. Vice Ch… read more
Federal Reserve Supervision Vice Chair Randal Quarles testified before the Senate Banking Committee on financial system regulations. Vice Chair Quarles said the economy was having a “strong recovery” after the coronavirus pandemic, but that the recovery was not yet complete. He addressed concerns about inflation, saying the Federal Reserve considers the inflationary pressures “transitory.” In response to questions about regulating cryptocurrency, Mr. Quarles said the Federal Reserve, Office of the Comptroller of the Currency (OCC), and Federal Deposit Insurance Corporation (FDIC) were in a “sprint” to pull together a common regulatory framework to address digital assets. close
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People in this video
- Kevin Cramer U.S. Senator (Class 1) [R] North Dakota
- Mike Crapo U.S. Senator (Class 3) [R] Idaho
- Steve Daines U.S. Senator (Class 2) [R] Montana
- John Neely Kennedy U.S. Senator [R] Louisiana
- Jack Reed U.S. Senator (Class 2) [D] Rhode Island
- Mike Rounds U.S. Senator (Class 2) [R] South Dakota
- Tim Scott U.S. Senator (Class 3) [R] South Carolina
- Richard C. Shelby U.S. Senator (Class 3) [R] Alabama
- Kyrsten Sinema U.S. Senator (Class 1) [D] Arizona
- Tina Smith U.S. Senator (Class 2) [D] Minnesota
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