US Fed's Quarles: not impressed by flattening yield curve

The US Federal Reserve's Randal Quarles is speaking at the Bretton Woods annual meeting today, giving his thoughts on a broad array of topics.

Key highlights:

Quarles does not see cryptocurrencies posing a risk to financial stability.

Suggests that smaller banks should be getting different liquidity rules.

Thinks that the flattening yield curve isn't necessarily a signal pointing to a US recession.