By Kerry Pechter
Don't hold your breath waiting for the second draft of the Department of Labor's fiduciary proposal. That's one takeaway from a four-hour meeting at the Practicing Law Institute in New York on Tuesday, where securities law experts mulled the history and implications of broker regulation.
By Barry Eichengreen
"Central banks should set a higher inflation target, which would give them more room to cut nominal interest rates in response to a future slowdown," writes economist Barry Eichengreen, who believes that interest rates and demand are too low.