Top Interest Rate Headlines 10-15-10: Bernanke Makes Case for Further Fed Moves to Boost Economy

Bernanke Makes Case for Further Fed Moves to Boost Economy
By JON HILSENRATH, WSJ.com
Federal Reserve Chairman Ben Bernanke made a case for new steps by the central bank to boost economic growth, saying inflation was running below the Fed's objective of 2% and that the economy was on a course to grow too slowly to reduce unemployment.
http://jlne.ws/aqjSZt

US Treasury: 'Important' For China To Keep Loosening Grip On Currency
By Michael R. Crittenden and Jessica Holzer, WSJ.com
The U.S. Treasury Department put off a decision Friday on whether to label China a "currency manipulator" until after the Group of 20 leading nations summit next month, increasing the pressure on world leaders to find a way to tamp down growing fears of a global currency war. The Treasury Department said in a statement that it would delay the decision to take advantage of the opportunity at the G-20 meeting "to make additional progress on the important challenge of securing stronger and more balanced growth."
http://jlne.ws/dBurVE

U.S. Workers' Compensation Claims Decline in 2009 as Unemployment Lingers 
Workers’ compensation claims declined last year, extending a slide that began in 1991, as improving job conditions and higher unemployment reduced accident frequency, preliminary insurance-industry data show.
http://jlne.ws/c1FBeD

US Treasury seeks advice on adding 5-yr, 30-yr TIPS
The U.S. Treasury signaled on Friday it may add more inflation-indexed notes to its auction calendar, asking government bond dealers their views on a second quarterly reopening for 5-year and 30-year Treasury Inflation Protected Securities (TIPS).
http://jlne.ws/9bU2Zv

Big Banks May Escape Capital Surcharge as Global Talks Founder
Leaders of the world’s largest economies, divided over how to curb risk-taking by their biggest banks, will likely fail to agree on a capital surcharge.
http://jlne.ws/aJumaf

UBS in Talks With Dozens of Prop Traders Mulling Hedge Funds
UBS AG the largest Swiss bank, said it has been in talks with “dozens” of proprietary traders from firms worldwide who may start their own hedge funds as banks seek to comply with new U.S. rules aimed at curbing risk.
http://jlne.ws/bt0McK