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Nat’l – Industry Insider – Quarles: Not Fed’s Place to Take a Position on Guns

WALL STREET JOURNAL April 19, 2018 – Republican lawmakers on Thursday pressed a Federal Reserve official to address moves by banks to stop doing some business with the gun industry in the wake of a deadly shooting at a Florida high school in February. Fed Vice Chairman for Supervision Randal Quarles replied that it wasn’t his role to second-guess banks’ business decisions related to the gun debate. Several lawmakers asked about guns, including Sen. Mike Crapo (R., Idaho), the head of the Senate Banking Committee and an avid hunter.  [full article]

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