By , WASHINGTON (Reuters) - U.S. policymakers need to consider major changes to make money market funds less vulnerable to investor runs, a working group led by the Treasury Department said on Tuesday, stopping short of making specific recommendations.The group laid out several potential changes to those markets, in which the U.S. government intervened to stabilize after big outflows prompted by the coronavirus outbreak in March.Ideas included setting stricter rules around fund redemptions, or higher capital buffers for such funds, but the group said it was not favoring any specific...…By , WASHINGTON (Reuters) - U.S. policymakers need to consider major changes to make money market funds less vulnerable to investor runs, a working group led by the Treasury Department said on Tuesday, stopping short of making specific recommendations.The group laid out several potential changes to those markets, in which the U.S. government intervened to stabilize after big outflows prompted by the coronavirus outbreak in March.Ideas included setting stricter rules around fund redemptions, or higher capital buffers for such funds, but the group said it was not favoring any specific...WW…

By , NEW YORK (Reuters) - Investors gave their approval on Monday to U.S. President-elect Joe Biden’s pick of former Federal Reserve Chair Janet Yellen to be the next Treasury secretary, touting her experience at the central bank as critical to helping the country weather coronavirus-fueled economic struggles.U.S. stocks added slightly to gains after reports that Yellen, who chaired the Fed from 2014-2018, would become the first woman to lead the Treasury, if she is confirmed.“It’s a very good pick because she has familiarity with the markets and will work well with the Fed, given her long...…By , NEW YORK (Reuters) - Investors gave their approval on Monday to U.S. President-elect Joe Biden’s pick of former Federal Reserve Chair Janet Yellen to be the next Treasury secretary, touting her experience at the central bank as critical to helping the country weather coronavirus-fueled economic struggles.U.S. stocks added slightly to gains after reports that Yellen, who chaired the Fed from 2014-2018, would become the first woman to lead the Treasury, if she is confirmed.“It’s a very good pick because she has familiarity with the markets and will work well with the Fed, given her long...WW…

By , NEW YORK (Reuters) - The U.S. dollar jumped against a basket of currencies on Wednesday, as traders used the opportunity of the Federal Reserve’s release of minutes from its last policymaking meeting to take profits.The readout of the Fed’s July 28-29 meeting, published on Wednesday, showed the central bank is considering tweaks to monetary policy that could result in it sticking with aggressive stimulus measures far longer than under its previous rubric. The minutes also showed policymakers concerned that a recovery from the economic downturn triggered by the coronavirus pandemic...…By , NEW YORK (Reuters) - The U.S. dollar jumped against a basket of currencies on Wednesday, as traders used the opportunity of the Federal Reserve’s release of minutes from its last policymaking meeting to take profits.The readout of the Fed’s July 28-29 meeting, published on Wednesday, showed the central bank is considering tweaks to monetary policy that could result in it sticking with aggressive stimulus measures far longer than under its previous rubric. The minutes also showed policymakers concerned that a recovery from the economic downturn triggered by the coronavirus pandemic...WW…