FOMC says current monetary policy is "appropriate to support sustained expansion of economic activity."
The former Federal Reserve chairman served six presidents as an economic adviser in a career spanning more than half a century.
A Wall Street veteran who led Paine Webber for 20 years until its $16 billion sale to UBS in 2000, Mr. Marron was also active most recently in the independent broker-dealer business.
Societe Generale predicts the 10-year yield will drop to 1.20%
A new report from the private bank rejects the idea that a recession is imminent.
But the SEC's proposal would require brokers to assess whether investors understand the risks — which might discourage firms from offering the products.
Plan also details call to end loopholes worth hundreds of billions of dollars.
Launched in 1991, the program has failed to produce acceptable gains.
Regulator charges firm with persuading six investors to liquidate retirement accounts to buy precious metals.
Acquires Liberty Trust Company, custodian for specialized Individual Retirement Accounts.
