The Transportation Department's Federal Railroad Administration said Tuesday it will require major railroads to have at least two crew members for most trips. The final rule creates a special approval process for railroads seeking to initiate new one-person train crew operations and requires trains carrying some hazardous waste to have two-person crew. "Common sense tells us that large freight trains, some of which can be over three miles long, should have at least two crew members on board - and now there’s a federal regulation in place to ensure trains are safely staffed,” said Transportation Secretary Pete Buttigieg.
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Major Developments- Federal Reserve issues FOMC statement- June 15, 2022- The Federal Reserve issued a statement regarding the Federal Open Market Committee.
Pro-crypto SEC commissioner Hester Peirce made a case for allowing Bitcoin spot ETFs and against the SEC’s hesitancy to engage with the crypto industry.