A new working group with officials from nine federal agencies will monitor oil and gas markets for fraud, Obama announced Thursday at a town hall meeting in Reno, Nev.
Bernanke also says rising commodity prices will have only brief, modest effect on consumer prices. Inflation hawks at the Fed disagree with Bernanke.
The May 6 'flash crash' of the stock market was set off by a single $4.1 billion 'sell' order, the SEC reported Friday.
Wheat prices have jumped about 75 percent since early July. Drought in Russia and, perhaps, speculators in the commodity markets are behind the increase.
The financial reform bill passed Thursday by the Senate would create a council of financial watchmen who would act as an early warning system for market trouble.
A report on the May 6 stock market 'flash crash' released by regulators Tuesday is thin on answers for why the Dow took a 1,000-point dive.
Regulators tell Congress they're moving to erect new stock market 'circuit breakers' to pause trading when individual stocks fall quickly.
The film industry is fighting proposals to create a 'futures exchange' for investors speculating on Hollywood box office profits and losses. No word yet on who has the screen rights.
A proposed futures commodity exchange, in which investors could speculate on which movies will make money, is opposed by the MPAA as 'legalized gambling on movie receipts.'
Investors flood commodity markets even though they know little about oil or wheat. Is more regulation the answer?