The mutual fund revolution unleashed by the Vanguard founder — and the lowering of fees at its heart — hasn’t just transformed investing: It is affecting the broader economy. Source: NYT > Business – JEFF SOMMER
Fed Offers More Clues About Interest Rate Pause
The Fed released minutes of its January meeting showing officials continued to express confidence in the economy but saw enough warning signs to warrant a pause in rate increases. Source: NYT > Business – JIM TANKERSLEY