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)
Former Vice Chairman of the Federal Reserve, Clarita, said that the current rate cut cycle is still expected to start in June, but this may be seen as a potential one-time adjustment Click to view>& Gt;