Obama attends meeting of Economic Recovery Advisory Board in Washington
U.S. President Barack Obama (R) speaks as Chair of the President's Economic Recovery Advisory Board and former Chairman of the Federal Reserve Paul Volcker (L) looks on during a meeting with members of his Economic Recovery Advisory Board in the Roosevelt Room of the White House on May 20, 2009 in Washington. The meeting was to focused on energy and green jobs. (UPI Photo/Alex Wong/POOL)
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Former U.S. Federal Reserve Chairman Paul Volcker said in Scotland the latest round of quantitative easing could spark uncontrollable inflation.
Setting guidelines for the Volcker Rule, intended to stop banks from making risky bets, still baffles regulators, a former U.S. Federal Reserve attorney said.
The author argues that Republican nominee Mitt Romney offers Ronald Reagan’s "Morning in America" all over again.
UPI Almanac for Wednesday, Sept. 5, 2012.
Unlike Paul Volcker, Sanford Weill spoke up just a little too late.
U.S. states face years of fiscal crisis, even after the economy rebounds, without fundamental reforms in the way state governments function, a report warns.
A report of the State Budget Crisis Task Force released Tuesday says states must take a number of steps to avoid fiscal crisis.
The headline is predictable: "JPMorgan Knew of Risks," and under that, the subhead is familiar: "Concerning $2 billion loss."
Fitch Ratings Friday downgraded JPMorgan Chase, one day after the largest U.S. bank disclosed one of its units had lost $2 billion in trades.
Congratulations to JPMorgan & Chase. This is said with all sincerity.
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