Dallas Federal Reserve Bank President Robert Kaplan said Tuesday that while the Fed's massive bond-buying program is creating plenty of liquidity in financial markets, there are no signs of broad market instability at present.
U.S. Treasury Secretary Janet Yellen and World Bank President David Malpass on Tuesday stressed the need to coordinate in responding the global pandemic, improving vaccine access for the poorest countries, and combating climate change, Treasury said.
U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in shares of GameStop Corp , silver and other stocks favored on social media.
U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in shares of GameStop Corp , silver and other stocks favored on social media.
(Adds details on market volatility, ethics memo)
WASHINGTON, Feb 2 (Reuters) - U.S. Treasury Secretary Janet Yellen is calling a meeting of top financial regulators this week to discuss market volatility driven by retail trading in GameStop Corp and other stocks.
Yellen will convene the heads of the Securities and Exchange Commission, the Federal Reserve, the Federal Reserve Bank of New York and the Commodity Futures Trading Commission, a Treasury official said on Tuesday.
Yellen sought and received permission from ethics lawyers before calling the meeting, according to a document seen by Reuters, and to engage on wide-ranging issues in the financial services industry.