In a closely watched and dissected speech yesterday, Federal Reserve governor Lael Brainard told the crowd gathered at the Chicago Council on Global Affairs that she favored “prudence” in raising rates despite recent signs of economic growth—a sign to most that the Fed will hold rates steady when the FOMC meets in a few weeks – NYTimes and WSJ and Bloomberg

Markets were quick to dub it good news – WSJ

Andrew Ross Sorkin offers up a few more thoughts on the Wells Fargo scandal, including on the awfully big disconnect between the bank’s public persona and what more than 5,300 of its employees were just fired for doing – NYTimes

TD Bank is facing an action by a pair of lawyer-supported funds for its alleged role in aiding and abetting a $8.5 million Ponzi scheme – Law360

Fertilizer giants Potash and Agrium have joined forces in an all-stock merger between the Canadian companies that will create the largest crop nutrient company in the world – NYTimes and Marketplace

Fresh off of successfully prodding Yahoo into selling off its core business, hedge fund Starboard Value has set its sights on drugmaker Perrigo.  I wouldn’t bank on it sitting back and waiting for the stock to turn around on its own – NYTimes and WSJ

I think this study of harnessing teenage defiance for good falls under the category of “Reverse Psychology on Hormones” or maybe even “Spite Activism” – NYTimes

Kevin Harlan made the most of an “idiot on the field” during Monday Night Football last night – Deadspin