Seeking to talk over economic and regulatory matters, President Barack Obama will meet with Federal Reserve Chair Janet Yellen privately on Monday.
The meeting emerges as the Fed head is experiencing difficulties in fine-tuning her bid to escalate interest rates in the wake of global economic degeneration.
Obama and Yellen are awaited to discuss rules encompassing executive pay for top officials in the financial industry and whether the country’s largest banks need to act more to remove “too big to fail” label without another taxpayer bailout.
They are also expected to look into Wall Street revamp and long-term economic view.
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