Paul Volcker in his offices in New York. He proposed limits on banks' activities Robert Caplin for The New York Times Paul Volcker in his offices in New York.
WASHINGTON - The wealth of Americans reached a nominal record high during the summer, buoyed by surging stock prices and a healthy recovery in home values.
The stock market posted slight gains on Monday, following up on its rally in the previous trading session after the job market showed some strength.
... slideshows. * Euro near 6-week high vs. dollar, 5-year high vs. yen. * Three Fed officials comment on stimulus reduction.
WASHINGTON (Reuters) - Government-run Fannie Mae and Freddie Mac will raise the fees they charge mortgage lenders for guaranteeing new loans in March to encourage private firms to wade back into the housing finance market.