Ex-Fed’s Volcker: Fed has avoided politicization

Former Fed System Chair Paul Volcker was on the wires overnight, via Bloomberg, noting the following:

Attacks on orderly liquidation are ideological

We don't have to worry about too big to fail

We are in a much better position to prevent bank failures

Federal Reserve has avoided politicization

Asian stocks rally, but gains tempered by losses in oil

Most Asian equities rallied this Thursday morning with gains being capped to some extent due to the weakness in the energy stocks and moderate losses
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China greasing economy with $55bn in tax breaks - Nikkei

The Nikkei Asian Review reports Thursday that China's State Council approved 380 billion Yuan ($55.1 billion) in tax relief a day before. Key Highlig
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