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Fed Governor Questions Wall Street Commodities Trading

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Fed Governor Questions Wall Street Commodities Trading

At a U.S. Senate committee hearing Thursday, Federal Reserve Board member Daniel Tarullo singled out Morgan Stanley and Goldman Sachs over continued trading in commodities markets, suggesting that the Dodd-Frank Act could be bolstered to limit the banks’ activities in these markets. In response to questions from Sen. Elizabeth Warren, D-Mass., as to how Dodd-Frank could…

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