![]() The bank's chief executive said it planned to have corrected prices available on. Mellon Woes: Bank of New York Mellon was still working last night to correct a computer glitch that left it unable to provide investors with accurate pricing information on nearly 50 fund companies last week. People stare at it like they stare at the North Star." Economist and former Fed official Alan Blinder points out it's unusual for people to be so invested in the exact timing of a quarter-point increase, but "the Fed remains the center of the financial universe. Instead, the paper focuses on the heated battle between liberal and conservative activists on the sidelines of the retreat. However, a separate Times article declines to draw conclusions about when the Fed will raise rates. Fischer predicted inflation will close in on the Fed's annual target of 2% as oil prices and import prices recover, paving the way for a rate hike. is largely on track for a quarter-percentage point increase.Ī speech by Fed Vice Chairman Stanley Fischer at the symposium reinforces that interpretation, according to both the Journal and the New York Times. Market volatility and economic troubles in China aside, the paper says, a majority of Fed officials think the U.S. (AP) Retired Democratic Massachusetts congressman Barney Frank and the Maine Justice Foundation are holding an event in Portland to launch a new fund. There are 913 delegates still available.Interest Rate Outlook: The Wall Street Journal suggests the Fed is likely to stick to the plan to raise rates before the end of the year, based on discussions at the Federal Reserve Bank of Kansas City's annual policy retreat in Jackson Hole, Wyo. ![]() Clinton has built up a commanding lead in delegates and is only 73 short of becoming the party’s presumptive nominee. Sanders’ attempt to unseat Malloy and Frank raises questions about how willing he would be to get in line behind Hillary Clinton if the former secretary of state clinches the Democratic nomination as is expected on 7 June when a number of states, including California, hold their primaries. West was a vocal supporter of Ralph Nader’s third party candidacy in 2000. One of Sanders’ five appointees was Princeton professor Cornel West, who has repeatedly attacked President Barack Obama, calling him “a Republican in blackface” and trying to organize a primary challenge against him in 2012. In a deal reached by the DNC with the Sanders and Clinton campaigns, the Vermont senator was able to appoint five of the fifteen members of the party platform committee. ![]() The letter comes less than a week after Democratic leaders signalled a major compromise and agreed to give Sanders increased influence over the party platform. They also pointed out Malloy and Frank had been elected in January pursuant to DNC rules. “Your challenge does not allege that there was any other cognizable violation of the call in the conduct of their elections, the delegate selection rules for the 2016 Democratic National Convention, or any other rule or regulation of the Democratic National Committee in their selection,” wrote the two Democratic officials. Mr Frank came out as gay in 1987, and served as a Democratic lawmaker in Congress for 32 years. In a prompt response, DNC rules and bylaws co-chairs James Roosevelt and Lorraine Miller, dismissed Sanders’ claims. Bernie Sanders has launched an attack on out congressman Barney Frank calling for him to be dropped from the Democratic Convention’s rules committee. Yet the Sanders campaign claimed their criticisms of Sanders “have gone beyond dispassionate ideological disagreement and have exposed a deeper professional, political and personal hostility toward the senator and his campaign” and urged their removal as a result.
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