Fed’s Quarles: Fed wants to recalibrate rules, not relax them

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.