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Here are some of the key highlight from the Fed Governor Randal Quarles’ opening remarks during a speech about the economic outlook and monetary policy at the Council on Foreign Relations in New York.

   “¢   Would be anomalous if the first crack at rules was best.
   “¢   Fed wants to recalibrate rules, not relax them.  
   “¢   Great public interest in the efficiency of the finance sector.