SEC Money Market Plan Gets Fed's Dudley's Backing
Aug. 15 (Bloomberg) -- Bloomberg's Mike McKee reports that William Dudley, president of the Federal Reserve Bank of New York, said new rules are needed to protect the financial system from a run on money-market mutual funds, lending his support to a regulatory overhaul proposed by U.S. Securities and Exchange Commission Chairman Mary Schapiro. He speaks on Bloomberg Television's "Market Makers."
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Trump's Plan to Sell Off Half of U.S. Oil Reserve
41:05 - The White House plan to trim the national debt includes selling off half of the nation’s emergency oil stockpile and the entire backup gasoline supply, part of a broad series of changes proposed by President Donald Trump to the federal government’s role in energy markets. Bloomberg's Jennifer Dlouhy reports on "Bloomberg Markets." (Source: Bloomberg)