The Federal Reserve’s point man on financial regulation, Randal Quarles, said Wednesday that if the U.S. economy turns in the strong performance he now expects, the door will soon open to a debate about slowing the pace of the central bank’s bond-buying stimulus.
“I am quite optimistic about the path of the economy,” Mr. Quarles said in a virtual appearance held by the Brookings Institution. He added that he expects inflation to temporarily exceed the Fed’s 2% target amid healthy economic activity and declining unemployment.
