Oil Prices Reverse Their Rise, and Drivers May See Relief

Oil prices are suddenly slumping again, just as American motorists were increasingly feeling the bite. The price of crude has dropped by 7 percent since a recent high on Tuesday, a result of seemingly coordinated signals from Russian and Saudi officials that they are ready to increase production. READ MORE @ https://www.nytimes.com/2018/05/25/business/energy-environment/oil-gasoline-prices-drivers.html?partner=rss&emc=rss

Ahead of Volcker Rule revamp, Fed’s Powell says central bank independence extends to regulation

Federal Reserve Chairman Jerome Powell on Friday said central bank independence doesn’t just mean having the ability to determine interest rates without political interference, but set regulations as well. Powell’s remarks, in celebration of the 350th anniversary of Sweden’s Riksbank, comes just a day after President Donald Trump signed into law bank deregulation and comes ahead of the Fed’s expected efforts to slash some burdens on banks. READ MORE @ https://www.marketwatch.com/story/powell-central-bank-independence-means-regulation-too-2018-05-25


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