A comparison of the tax burden faced here and in Germany by corporations, non-corporate businesses, and households suggests that while the U.S. is a relatively lightly taxed country, corporate taxes here are considerably more burdensome than in Germany.

Federal Reserve Board Governor Jerome Powell speaks on central clearing and liquidity at a Federal Reserve Bank of Chicago symposium, taking stock of progress made in strengthening central counterparties (CCP) and offering thoughts on central clearing and liquidity risks.