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Fed's Lacker Favors 'Living Wills' For Banks

Thursday, 18 Apr 2013 | 8:14 AM ET

In part two of an exclusive interview, CNBC's Steve Liesman talks with Richmond Fed President Jeffrey Lacker, about current Fed policy; the state of the labor participation rate in the U.S.; and why he likes a little known feature in the Dodd-Frank Act known as a "Living Will."