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Fed's Quarles says flatter yield curve doesn't point to recession - Metro US

Fed’s Quarles says flatter yield curve doesn’t point to recession

FILE PHOTO: Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, takes part in a swearing-in ceremony for Chairman Jerome Powell at the Federal Reserve in Washington, U.S., Febuary 5, 2018. Picture taken February 5, 2018. REUTERS/Aaron P. Bernstein
Reuters

WASHINGTON (Reuters) – The closing gap between short- and long-term interest rates is not pointing toward a recession, Federal Reserve Vice Chair for Supervision Randal Quarles said on Tuesday.

“I’m not viewing the current flattening of the yield curve as much of a signal toward an impending recession,” Quarles told an event at the semi-annual meetings of the International Monetary Fund and World Bank. “Obviously its something that we are looking at.”

(Reporting by Jason Lange; Editing by Andrea Ricci)

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