Janet Yellen’s testimony to Congress, which turned into a defense of the Fed, its action on monetary policy and need for independence, was a key focus in financial markets this past week. Senator Warren and House Republicans, both, took aim at Ms. Yellen and the Fed with respect to their ability to regulate Wall Street banks. Dodd-Frank has only added to the Fed’s oversight responsibilities, thus it’s unlikely this is the last we’ve heard about this issue.
Regulators continue to expand their reach broadly speaking in at attempt to enhance financial market stability, but there can unintended consequences, something the CFP and The Clearing House will explore at their May 11th conference in Washington, DC. Visit the CFP’s website for the latest information on this and all CFP events.
ECB Faces Struggle in Sourcing Enough Bonds for QE
Note: Graduate student, Jinyu Huang, contributed to the compilation of this post.