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Fed Chair Jerome Powell testified before a congressional committee Wednesday.

Federal Reserve Chair Jerome Powell underscored the U.S. economy’s ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon. “The economic recovery remains uneven and far from complete, and the path ahead is highly uncertain,” Powell said.
Sen. Bernie Sanders, I-Vt., is a big proponent of expanding Medicare.

Lauren Crawford Shaver, executive director of the Partnership for America’s Health Care Future, said she believes it is less likely that an expansion of government-run health care will happen this year, given the focus on pandemic relief in Washington.

Planners spend their days meeting with clients, working on plans, educating themselves, keeping up with responses to calls and emails, marketing, and trying to find moments to gather their thoughts. The to-do list can feel overwhelming and unapproachable. But, it is possible to organize these tasks and take back control of your time.

Planners spend their days meeting with clients, working on plans, educating themselves, keeping up with responses to calls and emails, marketing, and trying to find moments to gather their thoughts. The to-do list can feel overwhelming and unapproachable. But, it is possible to organize these tasks and take back control of your time.

The public option “would destabilize current insurance markets by creating an unlevel playing field,” says Chris Hartmann, NAHU vice president of congressional affairs. “This would have the devastating effect of closing hospitals.”

To the surprise of many, the Department of Labor allowed the previous administration’s final fiduciary advice regulation to take effect. Financial professionals should consult with their compliance officers or legal advisors for specifics, but here are some key items to address.

Former White House National Economic Council Director, Larry Kudlow, is joining The Bahnsen Group, a $2.6 billion national wealth management firm with offices in New York City and Newport Beach, Calif., as an economic advisor.

The DOL rule took effect Tuesday, but the department and the Internal Revenue Service are both deferring compliance with the new rules until Dec. 20 as long as the “impartial conduct standards” are met. That means the recommendation is made to a best interest standard, it has no materially misleading statements and reasonable compensation.

A 130-year-old industry association is looking ahead to the next five years by looking at ways to increase its diversity, foster the growth of the next generation of advisors and raising awareness of financial services as an appealing career among students.

Fourth-quarter gross annuity sales of $1.8 billion doubled from the year-ago quarter. The company’s positive annuity report was driven by increased gross sales at Eagle Life (up 630%) and American Equity Life (up 103%).