Home Fed’s Quarles endorses wider use of LIBOR alternative

Fed’s Quarles endorses wider use of LIBOR alternative

Updated: 19 Jul. 2018 | 15:12

Randal Quarles, Federal Reserve board member and Vice Chair for Supervision, has recently crossed the wires saying that he was endorsing a wider use of LIBOR alternative, the secured overnight financing rate (SOFR), as reported by Reuters. Quarles hasn’t delivered any remarks concerning the near-term monetary policy outlook.

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