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By News Desk
Treasury Secretary Janet Yellen, responding to the recent sharp decline in cryptocurrencies, says additional federal regulation is needed to respond to the wave of speculative investment in the currency whose secrecy is an essential part of its appeal.
By Fatima Hussein, Associated Press
The United States and Western allies have imposed an avalanche of sanctions against Russia in the first weeks of the war.
By News Desk and Associated Press
In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said Wednesday that the Federal Reserve can't be sure that price increases will slow in the second half of next year as many economists expect.
By Chris Rugaber, Associated Press
House Financial Services Committee examined the role of housing and finance in racial equity on Tuesday.
By Associated Press
By Marcy Gordon, Alex Veiga, Associated Press
The GameStop episode has been portrayed as a victory of the little guy over Wall Street titans, but not everyone is buying it. Lawmakers from both parties are among the skeptics.
By Martin Crutsinger, Associated Press
In his most direct comments so far, Powell told the House Financial Services Committee on Wednesday that it's “very important” for Congress to provide economic support.
The House Financial Services Committee will hold a hearing July 23 on the Heroes Act, a Democratic-backed bill focused on promoting economic recovery from COVID-19 in the U.S.
By Courtney Norris
Facebook CEO Mark Zuckerberg arrived on Capitol Hill Wednesday ostensibly to advocate for his company’s proposed new cryptocurrency, Libra -- but he faced intense scrutiny from lawmakers on multiple fronts. Facebook's controversial position of allowing false claims in political ads…
By Dave Gustafson
The U.S. government would be given broad new powers to shrink financial firms deemed "too big to fail" and shift the cost of rescuing troubled companies from taxpayers to other large firms, according to draft legislation released Tuesday.
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