Ryan F. Quarles: “I do think that certainly, the way that we have implemented the Volcker Rule... it has been excessively burdensome.”

We feel strongly that hemp is a commodity crop. It is legal to produce and that we should not be criminalizing or intending to criminalize producers for producing a legal crop.

That is probably the highest priority item that we have, discussing ways to ensure that our systems are resilient.

I do think that a legislature is in a better position to resist the slippery slope for that solution.

If Congress does choose to provide a guarantee for mortgages, I would urge that the guarantee be explicit and transparent, done in a manner that protects taxpayers, and apply to securities not institutions.