Federal Reserve Governor Jerome Powell said the U.S. central bank needs to step up monitoring of financial excesses following an extended period of record-low interest rates, citing commercial real estate as one area of concern. “With inflation under control, overheating has shown up in the form of financial excess,” Powell ... Read More »
The nation’s three busiest commuter railroads—which together serve nearly 1 million riders in the New York City area each day—continue to lag behind their smaller West Coast counterparts in installing sophisticated train-control technology that’s seen as an antidote to crashes involving speeding and other human factors, federal regulators said Monday. ... Read More »
The Obama administration this morning released its latest proposal on how colleges that offer distance education programs to students in other states should be regulated. The rule requires distance education providers to follow state laws governing how they become authorized to offer courses and programs to students in states other ... Read More »
Federal Reserve Chair Janet Yellen said she has not scheduled special meetings for Friday or Saturday in order to respond to the “Brexit” vote in Britain over its membership in the European Union. “Brexit is a risk that we are monitoring. We will be watching closely to see what the ... Read More »
St. Louis Federal Reserve President James Bullard said on Monday global markets appear to be “well-prepared” for a summer interest rate hike from the Fed, although he did not specify a date for the policy move. “My sense is that markets are well-prepared for a possible rate increase globally, and ... Read More »
Donald Trump says the Federal Reserve has stoked asset bubbles and backs a congressional review of its decisions. Bernie Sanders also wants to “audit” the Fed to make it less beholden to Wall Street. Ted Cruz calls for a return to a gold standard abandoned in 1933. Such voices from ... Read More »
