Randall Quarles, a former vice-chairperson of the Federal Reserve, said the Fed's independence, inflation and labour market would not be threatened even if President-elect Donald Trump takes office. Speaking on the sidelines of a forum on Monday, Mr. Quarles said there was considerable misunderstanding about the Fed's independence, which does not mean that the president...
Former Federal Reserve Vice Chairperson Randall Quarles: Tariffs could lead to a rate cut by the Federal Reserve to some extent. Expect a large number of people to be deported from the United States, but it will not affect the labor market. (Jin Ten)