Tags » The Fed
So, the Federal Reserve has delayed the Volcker Rule for two more years. What’s the Volcker Rule? I’m glad you asked, it’s a key element in Dodd-Frank that doesn’t allow banks to engage in proprietary trading with government insured funds. 76 more words
Janet Yellen told the world that the falling price of oil was “like a tax cut” for the US consumer.
There was a time when the US was almost completely dependent on imported oil so that a price drop in crude had little effect on GDP, so that Ms Yellen’s claim would have been somewhat true. 67 more words