by Yimian Wu | Nov 4, 2015 | Education
WASHINGTON – The ornate World Bank headquarters looked very different this week – crowded with arts and crafts being sold to help 34 women from developing countries go to graduate school to study gender equality issues. The women, who enroll in graduate schools around...
by Yimian Wu | Nov 2, 2015 | Business & Tech
WASHINGTON– San Francisco Federal Reserve President John Williams Friday called today’s low interest rates a “warning sign” that the Fed did not fully understand what’s happening in the economy. He also urged Washington to adopt a fiscal policy that would spur...
by Yimian Wu | Oct 28, 2015 | Business & Tech
WASHINGTON — Community bankers in rural areas complain that subjecting them to the same regulations as the big banks creates a disproportionate and costly compliance burden. The regulations are part of the sweeping Dodd-Frank financial reform law that targeted...
by Yimian Wu | Oct 26, 2015 | Business & Tech
WASHINGTON — China has cut its own interest rates, but now it’s hoping the Federal Reserve won’t undo that benefit by lifting U.S. rates. China’s rate cut is an admission its economy is struggling, say experts. “This is purely a signal that the government...
by Yimian Wu | Oct 13, 2015 | Business & Tech
WASHINGTON – The Federal Reserve should raise the short-term interest rate hovering near zero to 2 percent to avoid financial bubbles in the future, St. Louis Federal Reserve President James Bullard warned Tuesday. Even though he doesn’t expect an asset bubble...
