Actualidad: Funcionarios y legisladores nacionales no podrán comprar dólar ahorro
Mañana empiezan a funcionar al 100% los home banking — Compra de dólares
Nissan cerrará planta en Barcelona; Inglaterra concentrará producción en Europa
La bolsa española registra su segunda mayor caída anual (3,55 %)
Una vidente dispara el interés por comprar el 86098 — Lotería de Navidad
Fed Chair Yellen Defends Regulations After Financial Crisis — TOP NEWS
28 Agosto 2017, 09:40 | Azura Castelo
So far this year the rupee has gained 6.25
Steve Mnuchin is still Treasury Secretary and has not been mentioned in dispatches during the latest power struggles.
Reports emerged Friday that Cohn had drafted a letter of resignation over the latter incident, but decided to stay on the job.
"The United States, through coordinated regulatory action and legislation, moved very rapidly to begin reforming our financial system", she said, "and the speed with which our banking system returned to health provides evidence of the effectiveness of that strategy".
Cohn might have complicated the choice of a new Fed chair with his criticism of Trump's Charlottesville response. Fed watchers need to analyse minute differences in wording and tone to identify shifts in thinking.
But there's reason to be skeptical that Yellen just gave her swan song.
Silver rose 0.9 percent to $17.07 an ounce, while platinum was down 0.6 percent at $972.99 an ounce.
"The EUR bulls will feed off anything they can get that suggests a less accommodative stance going forward", Chris Weston, chief market strategist at IG in Melbourne, wrote in a note.
Her comments are at odds with Trump's desire to wind-back some of the post GFC regulations, so she did herself no favours in getting re-elected as Chair early next year. She said the changes had made the financial system more resilient and she rejected arguments that Republicans critics have made that the changes have lowered bank lending and hurt economic growth. But this speech alone is not definitive evidence. Fischer cannot possibly mean literally that "everybody" wants to return to the status quo ante.
But Wall Street was still concerned about political uncertainty in the White House. With few exceptions, the press is even more hawkish.
"That is kind of a concern and it doesn't surprise me you are starting to see stocks hang in there only because everybody is searching for yield".
So who is "everybody" in this formulation? The volume of trade has declined in recent years. In the past, the Fed has been unable to achieve permanently below-target unemployment without stoking inflationary pressures.
"I see a Cohn Fed and a Yellen Fed not being terribly different", said Steve Bartolini, portfolio manager of inflation-focused strategies at T. Rowe Price Group, which oversees $204 billion of fixed-income assets.
US durable goods orders were the main economic data release during late European session.
In addition to higher capital requirements, Yellen said the financial system has been fortified by regulations requiring that the biggest banks undergo annual stress tests to ensure that they have enough capital to withstand any future severe downturn. Leveraged trading is high risk and not suitable for all.
The breadth of the recovery into positive territory was wide on the S&P 500 with ten out 11 sectors up.
Despite calls for Yellen to raise interest rates sooner, especially in the latter part of 2015 when the economy grew 5%, Yellen maintained her dovish, market-friendly stance and didn't pull the trigger until December 2015.
The US dollar traded around the value of 109.57 yen for most of the day leading up to Yellen's speech.
"There is more work to do", she told the audience. And it has done so in a thoughtful fashion. Yellen is saying, "Don't take these tools away from us".
Browns rookie quarterback Kizer will start season opener
I know the numbers weren't like I would like or he would like, but I thought he moved the team and made some plays. Look for Brock Osweiler to be released, and Cody Kessler to operate as the Browns' No. 2 quarterback this season.
Trump wants to visit Texas 'ASAP,' official says
But a hurricane that does form and heads toward the U.S. will likely be stronger, with a more severe storm surge and higher winds. He says the Port of Brownsville reopened Saturday morning and they haven't yet been able to assess the Port of Victoria.
Jurgen Klopp expects Champions League lift in transfer market
Klopp said Liverpool would "100 percent respect" all of their opponents, with preparations on facing set to begin imminently. There are groups with Barcelona, Bayern, Juventus and Real Madrid , and not to get them is of course more good than bad.