Fed's Williams: Summer 2015 rate hike 'reasonable'

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San Francisco Federal Reserve President John Williams said hiking the benchmark interest rate in the summer of 2015 is a "reasonable guess" based on the current economic progress, noting a broad improvement the labor market.

Regulation: Calls grow for broker shake-up

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Federal Reserve Bank of Boston President Eric Rosengren said broker regulation needs a 'major re-examination' to prevent funding shortfalls during a crisis, and New York Fed President William C. Dudley said the wholesale funding system must have greater stability.