Marketplace Morning Report for Monday, October 6, 2014
First up, William Dudley, president of the New York Fed, responds to criticism his team needs to be tougher on Wall Street firms. This question moved to the foreground after the public radio program This American Life--with news organization ProPublica--obtained audio recordings made secretly inside the New York Fed. The recordings were made by a then-New York Fed employee who would later sue for wrongful dismissal. Next, to Brazil, where the incumbent president Dilma Rousseff now faces a tough run-off election, after a more pro-business candidate did much better than expected in voting yesterday. The candidacy of the centrist had been practically written off at one stage in the campaign with attention focused on a third, upstart candidate, who fizzled. The Brazilian economy has weakened under the incumbent, as capital moved away from emerging markets, like Brazil. Some middle class Brazilians took to the streets in the past year to protest poor government services.
First up, William Dudley, president of the New York Fed, responds to criticism his team needs to be tougher on Wall Street firms. This question moved to the foreground after the public radio program This American Life–with news organization ProPublica–obtained audio recordings made secretly inside the New York Fed. The recordings were made by a then-New York Fed employee who would later sue for wrongful dismissal. Next, to Brazil, where the incumbent president Dilma Rousseff now faces a tough run-off election, after a more pro-business candidate did much better than expected in voting yesterday. The candidacy of the centrist had been practically written off at one stage in the campaign with attention focused on a third, upstart candidate, who fizzled. The Brazilian economy has weakened under the incumbent, as capital moved away from emerging markets, like Brazil. Some middle class Brazilians took to the streets in the past year to protest poor government services.
