After lackluster job creation in August, economists and the markets are readying for another round of Fed asset purchases, or quantitative easing. The only question now is do policy makers act in September or wait until the fiscal drag pulls down the US growth rate?
U.S. stocks are sitting at four-year highs following the European Central Bank’s plan to buy bonds to contain the euro zone debt crisis. But today’s stock surge shouldn’t prompt a major change in investor behavior, John Bogle founder of Vanguard told CNBC’s "Closing Bell" on Thursday.
The creation of big banks wasn’t an unnatural act in the 1990s and it makes no sense to break them up now, William Harrison, former Chairman of JPMorgan Chase told CNBC’s "Closing Bell."