Plus, Stephen Moore won’t be nominated for a Fed seat after all — but why? Source: NYT > Business – CHARLOTTE COWLES
How a Lone Norwegian Trader Shook the World’s Financial System
A futures bet gone spectacularly wrong provoked a daylong crisis at one of the clearinghouses that are supposed to be global safeguards. Source: NYT > Business – JACK EWING and MILAN SCHREUER
Trump Won’t Nominate Stephen Moore for Fed Board
Mr. Moore, who had yet to be formally nominated, appeared unlikely to win Senate confirmation after several Republican lawmakers raised concerns about his past writings denigrating women. Source: NYT > Business – MAGGIE HABERMAN and JIM TANKERSLEY
Fed Leaves Interest Rates Unchanged as Low Inflation Persists
The Fed is continuing its “patient” stance as it considers its next move. Weak inflation will force the Fed to walk a policy tightrope. Source: NYT > Business – JEANNA SMIALEK
Fed Likely to Leave Interest Rates Unchanged as Trump Calls for Cut
The president wants the Fed to cut rates and stimulate the economy. But the Fed appears poised to continue its patient stance at its meeting that ends Wednesday. Source: NYT > Business – JEANNA SMIALEK
How Will the Fed Fight the Next Recession? It’s Trying to Figure That Out Right Now
The central bank has fewer arrows in its quiver to protect the economy from the normal ups and downs. Source: NYT > Business – NEIL IRWIN