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Yellen says Fed looking at possible commodities, bank rules

Posted on 15 November 2013

The Federal Reserve may issue new rules for Wall Street’s role in commodity markets once it winds up a review of banks’ raw materials trading, the prospective new head of the U.S. central bank told lawmakers.
The Fed said in July it was reviewing a decision to allow regulated banks to trade in physical commodities, leading to banks’ ownership of assets like oil storage tanks and power plants and accusations of price manipulation………………………………………..Full Article: Source


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