Washington

IMF cuts U.S. outlook, calls Trump's growth target unlikely

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The International Monetary Fund cut its outlook for the U.S. economy, removing assumptions of President Donald Trump's plans to cut taxes and boost infrastructure spending to spur growth.
Trump's policies on economy, Russia, China are still unknown, Bob Woodward tells conference

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Bob Woodward tells P&I that six months into the presidency of Donald Trump, "it is not clear where this is going to go in terms of the economy."
Split decision by D.C. Circuit upholds SEC in-house judges

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The first U.S. appeals court to weigh in on whether Securities and Exchange Commission administrative judges are constitutional issued a split decision Monday.
Federal Reserve unwinding has​  managers, investors at ready

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As the Fed prepares to unwind its massive balance, fixed-income managers are preparing for anything.
Infrastructure in good graces of managers again

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Interest in infrastructure is growing, thanks to investor demand and a focus on private investment in infrastructure by President Trump.
Transforming retirement savings into wealth

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Helping employees convert savings in retirement plans into wealth they can draw on in retirement must be a key focus for the industry.
TSP modernization bill introduced in House

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Federal employees would gain more flexibility with their Thrift Savings Plan accounts under bipartisan legislation introduced Friday.
SEC advisory committee taps CalSTRS official as chairwoman, debates CHOICE Act

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Anne Sheehan, director of corporate governance for CalSTRS, was elected chairwoman of the Securities and Exchange Commission's Investor Advisory Committee.
CFTC commissioner to resign, leaving agency with 1 member

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Sharon Bowen, the lone Democratic commissioner on the Commodity Futures Trading Commission, said she would step down from the post in the next few months.
Real estate investors watching Washington to glean sector impacts

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Real estate was unaffected by the “Trump bump” but future performance could be affected by the administration's proposals.

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Hester Peirce, a former U.S. Securities and Exchange Commission counsel and Senate aide, is the Trump administration’s likely choice to fill the open Republican seat at the Wall Street regulator.
GE’s $31 billion hangover: Immelt leaves behind big unfunded pension tab

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At $31 billion, GE’s pension shortfall is the biggest among S&P 500 companies and it could be a costly fix for new CEO John Flannery.
Fed raises rates 25 basis points, expects to start reducing balance sheet

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The Federal Open Market Committee agreed Wednesday to increase the federal funds rate by 25 basis points to a 1% to 1.25% range, echoing a move made in March that also raised rates by 25 basis points.
Treasury calls for systemic risk designation leader at FSOC, Volcker changes in reform report

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The first in a series of reports responding to President Donald Trump’s call for revisiting financial regulations was released Monday by the Treasury Department.
One size doesn't fit all in dealing with DOL's rule

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Amid uncertainty over the Labor Department's fiduciary rule, record keepers offer varied services.