There is a need for investment banks to be regulated like commercial banks, according to former Fed Chairman Paul Volcker testifying before the Congressional Joint Economic Committee on Wednesday morning.

Volcker also observed that the Fed's involvement in the mortgage market is a...

The lower-than-expected core CPI report released Wednesday should allow the Fed to cut rates once again rather than worry about rising inflation, an economist says. However, as energy prices continue rising, there may be reason to put more emphasis on total inflation rather than the core figure, says another economist.

There is an elevated amount of reluctance from banks to lend, according to Boston Fed President Eric Rosengren, speaking Wednesday at the Boston Fed's Basel II conference on New Challenges for Operational Risk Measurement and Management.

"The practices of risk management in general...