Rep. Hensarling Seeks Further Banking Rule Cuts From the Fed

The transcript discusses Randy Quarles' remarks on banking regulation, highlighting progress and challenges, particularly with the Volcker Rule. It debates qualitative vs quantitative regulation, legislative actions, and regulatory discretion. The impact of the Volcker Rule on the economy is examined, along with the Fed's independence and interest rate policy.

How does the speaker view the progress made by the Fed in terms of banking regulation?

What are the main goals that Vice Chairman Quarles has set out regarding banking regulation?

What concerns does the speaker express about the Volcker Rule?

What is the speaker's opinion on the qualitative aspect of the stress test?

How does the speaker characterize the impact of the Volcker Rule on the economy?

What does the speaker suggest about the relationship between the Federal Reserve and the President?

What challenges does the speaker identify regarding the unwinding of the Fed's monetary policy?