Fed's Powell says more U.S. regulation not always the answer (news: 05/10/17)

Today's press

• Fed's Powell says more U.S. regulation not always the answer

  NEW YORK (Reuters) - More rules and regulations are not always the best solution to problems in financial markets and U.S. government agencies must take a balanced approach to such decisions, an influential governor being considered to lead the Federal Reserve said on Thursday.

• U.S. jobless claims fall; trade deficit narrows on strong exports

  WASHINGTON (Reuters) - The number of Americans filing for unemployment benefits fell more than expected last week, but the continued impact of Hurricanes Harvey and Irma on the data made it difficult to get a clear picture of the labor market.

• Spain suspends Catalan parliament session in attempt to block independence

  Spain’s constitutional court has suspended a Catalan parliament session planned for Monday in an attempt to block an expected declaration of independence by the Catalan president, Carles Puigdemont.

• Fed's Harker says job training needed to boost U.S. economy

  AUSTIN (Reuters) - Businesses, governments and other organizations should stop looking at job skills training as social welfare and see it instead as a path to better jobs, higher paying wages, and faster growth, a Federal Reserve policymaker said on Thursday.

• Wall Street moves to Frankfurt as Brexit doubts grow

  LONDON/FRANKFURT (Reuters) - Some of the globe’s biggest banks have decided to rent more office space in Frankfurt, bolstering Germany’s financial hub after months of divorce talks between Britain and the EU have left London’s future more uncertain than ever.

• Above $4,300: Bitcoin Is Up, But Is It Out of the Woods?

  The bitcoin-US dollar (BTC/USD) exchange rate is gaining altitude after the bearish Doji reversal seen earlier this week failed to keep the cryptocurrency below its 50-day moving average.