U.S. adds solid 280,000 jobs; unemployment rate rises to 5.5%

Jun 5, 2015

U.S. adds solid 280,000 jobs; unemployment rate rises to 5.5%

U.S. employers added a robust 280,000 jobs in May, showing that the economy has regained momentum after starting 2015 in a deep slump. The unemployment rate ticked up to 5.5 percent from 5.4 percent in April, the government said Friday. But that occurred for ...

Volcker says U.S. bank oversight ineffective, seeks overhaul

Apr 20, 2015

Volcker says U.S. bank oversight ineffective, seeks overhaul

Former Federal Reserve Chairman Paul Volcker is calling for a reshaping of the U.S. financial oversight regime, which he says is splintered and ineffective. A public policy group led by Volcker issued a report Monday on the regulation of banks and Wall Street. It ...