Michael S. Barr: “The Volcker Rule is really designed to try and separate out different kinds of risk in the financial system.”

The obligation, obviously, is on Congress and the Executive Branch to work out an arrangement on the debt ceiling to raise it.

I don't agree with that assessment. I think that capital in general is facilitating strong lending to all communities, and having strong capital in the system is critical for doing that.

The research shows that there is no basis for the conclusion that low-income or moderate-income households were responsible for causing the financial crisis.

We definitely want innovation in our banking system. Innovation has been critical to having a thriving financial sector and a thriving economy.