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RPT-MNI INTERVIEW: Fed Could Cut As Early As June - Quarles

(MNI) WASHINGTON

Former top banking regulator expects pressures in the financial system over the course of the next six months.

Financial stability stresses could prompt the Federal Reserve to cut by June despite the resilience of the economy, former Fed Governor Randal Quarles told MNI.

Quarles, a former top banking regulator and Fed vice chair for supervision, expects financial conditions to tighten as the year progresses, allowing the Fed to begin a gradual easing campaign, likely to fall short of market expectations.

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Financial stability stresses could prompt the Federal Reserve to cut by June despite the resilience of the economy, former Fed Governor Randal Quarles told MNI.

Quarles, a former top banking regulator and Fed vice chair for supervision, expects financial conditions to tighten as the year progresses, allowing the Fed to begin a gradual easing campaign, likely to fall short of market expectations.

Keep reading...Show less