Economics
Fed's Quarles Raises Hope for Faster, Sustained U.S. Growth Pace
- Tax cuts to help encourage capital investment, he says
- Rate hikes aimed at sustaining stronger growth rate: Quarles
Fed Is Becoming Less Important to Markets, Says Jay Pelosky
This article is for subscribers only.
Federal Reserve Governor Randal Quarles offered an optimistic view of the U.S. economy, suggesting it may be on the cusp of a sustained period of faster growth and reaffirming his support for “gradual” interest-rate increases.
“Some of the factors that have been holding back growth in recent years could shift, moving the economy onto a higher growth trajectory,” Quarles said, according to the prepared text of a speech he’ll deliver Monday in Washington. He added, however, “I currently see this shift more as a clear possibility than an unarguable reality.”