Economic outlook, Wall Street reform on the agenda
by Jacob M. Schlesinger
WASHINGTON — President Barack Obama will meet Monday with Federal Reserve Chairwoman Janet Yellen to discuss economic and regulatory issues.
The meeting comes as the central banker is struggling to calibrate her cautious campaign to raise interest rates amid a still-fragile global economy.
It also takes place as the Fed prepares to complete, in conjunction with other agencies, some sensitive regulatory matters that Obama has made a high priority. These include rules governing executive compensation for top financial executives, and verdicts on whether the country’s biggest banks need to take more action to ensure they are no longer “too big to fail” without requiring another taxpayer bailout.