Federal Reserve Vice Chair for Supervision Randal Quarles said the quiet part out loud. Quarles, who typically centers his remarks on topics like the health of the U.S. banking system and the transition away from the London interbank offered rate, made surprisingly candid comments last week when discussing the ballooning size of the U.S. Treasury market and the central bank’s role in it. Effectively, he acknowledged that he’s grappling with the question of whether the Fed has no choice but to buy bonds forever. “It may be that there is a simple macro fact that the Treasury market being so much larger than it was even ... (full story)