Fed’s Quarles says U.S. banks, Fed may need to do more in crisis

Fed’s Quarles says U.S. banks, Fed may need to do more in crisis

U.S. banks are “well-positioned” to
support households and businesses during the coronavirus crisis,
a top U.S. central banker said on Monday, lending to
creditworthy firms, processing transactions and helping, as
conduits for U.S. government economic support, to stabilize
financial markets.