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.
Quarles emphasizes the need for transparency and taxpayer protection in mortgage guarantees.
Share
More from Ryan F. Quarles
The FDA needs to provide regulatory pathways for products containing CBD. The FDA needs to act now.
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.
Similarly, that has always been a high priority of the Federal Reserve, and where we have the enforcement authority to act, we will do that.