Most Fed Officials Backed Tapering of QE
They saw an improving job market coupled with diminishing economic benefits to further bond buying, FOMC meeting minutes show.
Fed to Start Tapering, Easing QE Program
Chairman Ben Bernanke said that further tapering would “be data dependent,” but the Fed would “probably do a measured reduction” at each meeting.
Pension Advocates Blast Budget’s Premium Hike
“It is simply unacceptable that members of Congress of both parties...view pension plans as a piggy bank," American Benefits Council president says.
Regulators Approve Volcker Rule, the Core of Dodd-Frank
The Fed and FDIC unanimously vote to adopt the rule, which adds tough new restrictions on banks.
Bogle Hailed as Warrior for the Common Investor
Michael Zeuner and Jim Patrick of Institute for the Fiduciary Standard remain optimistic, tying John Bogle's "investor first" approach to the fiduciary standard.
Yellen: QE Will Continue, but Not ‘Forever’
At her confirmation hearing, Janet Yellen said there were “dangers” in ending quantitative easing too early as well as in “continuing it too long.”
Asset Managers as SIFIs? No Way, Trade Groups Say
SIFMA and the IAA called on the Treasury to withdraw its report on asset managers' systemic importance, calling it biased and inaccurate.
Prudential Loses Appeal, Is Designated a SIFI by FSOC
Under the Dodd-Frank Act, Prudential is entitled to bring an action within 30 days in federal court to have the final determination rescinded.
6 Key Concerns With the Fed’s Take on ETFs
There are many holes in, and questions about, Bernanke's argument that leveraged and inverse ETFs are hurting the markets.
SEC’s Deputy Director of Economic and Risk Analysis to Depart
Kathleen Weiss Hanley, who helped incorporate “rigorous economic modeling” into agency activities, to join University of Maryland’s Robert H. Smith School of Business.