Regulation/Government Policy

Was Fed Chairman Powell a pacifist or not? 4 key tips from Wednesday’s press conference

Investors reacted as if Federal Reserve Chairman Jerome Powell’s press conference on Wednesday was peaceful, but many economists believe it was on the hawkish side of the street. Here are some key points from Powell’s hour-long discussion with reporters on the state of the economy and central bank policy: Read: Federal Reserve raises interest rates …

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What potential credit legislation could mean for Visa and Mastercard – and you

Credit card companies appear to be under the political microscope again as the Wall Street Journal reported Wednesday that senators are working on a new bill that would target Visa Inc. and Mastercard Inc. The story indicated that Senator Dick Durbin, a Democrat from Illinois, and Senator Roger Marshall, a Republican from Kansas, were planning …

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Lawmakers refused to vote on regulating stablecoins

Lawmakers in the US House of Representatives are delaying consideration of a bipartisan bill to limit potential risks posed by so-called stablecoins, according to people familiar with the matter, delaying a vote on the measure for at least several weeks. The potential deal marked an important first step to apply stricter rules to the cryptocurrency …

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Lawmakers refused to vote on regulating stablecoins

Lawmakers in the US House of Representatives are delaying consideration of a bipartisan bill to limit potential risks posed by so-called stablecoins, according to people familiar with the matter, delaying a vote on the measure for at least several weeks. The potential deal marked an important first step to apply stricter rules to the cryptocurrency …

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Stock market turmoil may not scare retail investors: ‘We’re not seeing investors respond in the usual way’

Surveys and buying data suggest that despite all the bearish dips so far this year, the stock market may not frighten many retail investors. A quarter (26%) of people said the stock market is the best place to spend money that they won’t need to tap for a decade, according to a new Bankrate.com survey. …

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