No indication of a near-term shift in the Fed’s monetary policy stance
Chairman sworn in for second term
Fed defends decision
Firms are expected to have sound risk-management practices
Pledges to keep them there for ‘extended period’
Inflation picture faces conflicting pressures
GMAC in discussions with U.S. Treasury
Measures intended to ensure compensation ties rewards to longer-term performance
Cuts TAF, TSLF loan amounts
Fed chief nomination requires U.S. Senate approval