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Fed's Chair Yellen makes no comments on monetary policy

FXStreet (Bali) - Federal Reserve's Yellen crossed the wires, talking about bank regulation and supervision to the Citizens Budget Commission's Annual Awards Dinner, making no references on monetary policies.

Main headlines

Says brazenly unlawful behavior of some bankers raise questions about firms' values, ethics

Banks must still improve governance and internal controls

Federal Reserve will take swift action to ensure risk management improved on Wall Street

Federal Reserve working hard to prevent 'regulatory capture'; concerns of supervisors must be addressed

China HSBC China Services PMI increased to 52 in February from previous 51.8

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HSBC China services improves in February

HSBC China Composite PMI data pointed to a further increase in Chinese business activity in February, coming at 51.8, up from January’s recent low of 51.0, HSBC reports.
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