Economics
Fed’s Quarles Says U.S. Economy in ‘Best Shape’ Since Crisis
- Dismisses low-inflation worries and backs ‘gradual’ rate hikes
- Says business-investment drought ‘may finally be breaking’
Fed Minutes Show More Confidence in Economic Outlook
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Federal Reserve Governor Randal Quarles delivered an upbeat assessment of the U.S. economy and endorsed a “gradual” path for raising interest rates in his first public speech on monetary policy since joining the central bank in October.
“The U.S. economy appears to be performing very well and, certainly, is in the best shape that it has been in since the crisis and, by many metrics, since well before the crisis,” Quarles said in prepared remarks Thursday in Tokyo.