US Federal Reserve Chair Janet Yellen testifies on Capitol Hill in Washington, July 15, 2014.
Photo by Jim Watson/Getty

Business Latest: Fed behind the curve?

 

SURVEY: FED BEHIND THE CURVE, HAS TOO MUCH POWER: The Federal Reserve is viewed as having too much influence on capital markets and is seen as behind the curve when it comes to interest rates, according to a new online Wall Street survey. Read more

PENSION ADVANCE SCAMS: Here’s the pitch: Convert tomorrow’s pension into hard cash today. The FTC warns that these advances come at a very steep price and you are often required to buy a life insurance policy – with the pension advance company as the beneficiary – to keep the payments coming. Read more

WEALTH GAP: The gap between the wealthiest and the poorest Americans widened over the past decade, according to a new report from the Census Bureau. It also grew between younger and older families. Read more

NEAR 2,000 S&P KNOCKS OUT 28TH RECORD CLOSE OF 2014: Read more

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Business Latest: Fed behind the curve?