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| China appoints US-trained central banker At 70, he is well beyond official retirement age but stayed on following the 2012 handover of power to a new generation of leaders under President Xi Jinping in what was seen as an effort to reassure companies and financial markets of stability. Beijing is trying to rein in surging debt that prompted ...
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| Fed set to raise rates this week Any serious misstep could unnerve global financial markets. But Powell's testimony to Congress last month drew strong reviews. "Powell delivered a solid performance before Congress, worthy of William McChesney Martin," said David Jones, an economist who has written books on the Fed, referring to ...
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| Market Commentary, March 19, 2018 Among other steps, the bill would raise the threshold for financial institutions subject to stress tests from $50 billion to $250 billion, exempting many small- and mid-sized banks. However, the House is expected to push for further rollback, and Representative Jeb Hensarling (R - Texas), chairman of the ...
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