Marketplace Morning Report for Monday, September 16, 2013
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Now that Larry Summers has officially withdrawn his name from consideration for the Federal Reserve chairman, international markets are responding in a big way -- global stocks are near five year highs. And in just two weeks, millions of Americans will start enrolling in the new health exchanges. But many still remain confused about the process. Now the government is hiring special navigators to help consumers enroll.
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Former U.S. Treasury Secretary Lawrence Summers has withdrawn his name from the Fed chair job. Could a little more inflation be good for the economy? And shipping ports on the east coast are getting an upgrade.
Posted In: Inheritance, financial planning, Economy, Retirement
The fact that so few Americans expect to inherit money from relatives -- and that most expect to get just $10,000-50,000 -- has big implications for their retirement plans.
Posted In: Larry Summers, Fed chair, Federal Reserve, Ben Bernanke
Pushback from Democrats and other groups was part of the reason Summers withdrew his name from the running.
Posted In: inflation, Economy, monetary policy
Inflation hawks hold significant sway at the Federal Reserve. But critics say they should tolerate -- and even target -- more inflation to boost economic growth.
Posted In: Larry Summers, Federal Reserve, Ben Bernanke, Janet Yellen
Global stocks are near five year highs and bond yields across Europe and Asia have fallen.
Posted In: health care, Affordable Care Act, Obamacare, health exchanges
In about two weeks, millions will start enrolling in health exchanges. But for many, the process is still murky and the government is hiring people to help.
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