News
Washington Times | Government predicts even higher gas prices
U.S. drivers will pay an average of 24 cents more per gallon for gasoline during this summer’s travel season, the government said Tuesday.
Bloomberg | IMF Said Ready to Cut China Current-Account Surplus Forecast
The International Monetary Fund is set to lower its forecasts for China’s medium-term current- account surplus, according to two officials who have seen the draft report.
Market Watch | KC Fed's George attacks too-big-to-fail policies
Kansas City Fed President Esther George on Wednesday said the most important step in restoring market discipline to the financial system would be to eliminate too-big-to-fail policies, including taking advantage of a provision in the Gramm-Leach-Bliley Act that would force divestitures or termination of new activities within 180 days if a financial holding company isn't well managed or capitalized.
Blogs
WSJ | Fed ‘Hawk’ Wants Rate Hike This Year or Next
The U.S. unemployment rate will continue to improve over the next two years, opening the door for policy makers to begin raising interest rates by as early as late 2012, the head of the Minneapolis Federal Reserve Bank said Tuesday.
