No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a U.S. default might inflict.
No one should assume that the fed can really protect the economy and the financial system, or our reputation globally from the damage that a...
Custody assets are off-balance sheet. They always have been.
In the rules before us, we are applying the discretion granted to us by the Economic Growth Regulatory Relief and Consumer Protection Act.
We believe strongly, and always have, in tailoring to address the different size and risk characteristics of financial institutions.
Yes, I do.
No, we don't borrow money. We don't shut down the Fed when we have negative income.
No, I think there are limits built into the law, which I don't have in front of me right now.
We always turn over all of our earnings in every year.
We are not and will not be a climate policymaker.
I just want to say I think my colleagues feel the same way on the Board, that we are going to guard that border carefully.