A presidential working group expects to make recommendations on how to regulate the booming digital currencies amid concerns over their stability.
"Janet Yellen is brilliant ... and seems to be popular in all factions, from the financial markets to Main Street."
If the Fed is going to conduct monetary policy by manipulating asset prices, it should expect to see periods of extreme market volatility.
Under current U.S. fiscal policy, federal budget deficits are doomed to continue racing upward with no end in sight, investment consultant says.
The third-quarter GDP gain may bolster the case for an interest rate hike in December and complicate the debate over tax cuts.
Consumer spending rose only 0.1% in August but "current economic conditions are heavily impacted by the effect of the recent hurricanes."
Proposed massive legislative change is unlikely; more moderate reforms floated by Treasury are better bets.
The central bank appears on course to raise interest rates in December but is "monitoring inflation developments closely."
Federal Reserve chair Janet Yellen deserves blame for creating onerous real estate asset bubbles, according to risk analyst Chris Whalen.
The Fed chair says the 3% target "would be quite challenging" given sluggish productivity and declining labor force growth.
Consumption picked up in May, but the key measure of U.S. inflation grew only 1.4%.
But the Federal Reserve Chair cautions against unwinding the reforms put in place after the 2008-2009 crisis.
