Ryan F. Quarles: “If there is a credit allocation decision to be made, that is a decision for Congress, to be debated by the public's…”

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.

The Federal Reserve, along with the other U.S. banking agencies, has made substantial progress in building stronger regulatory and supervisory programs since the global financial crisis.

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.

Kentucky's legislative and regulatory framework is widely recognized today as one of the best in the nation.