Any talk of new regulation tends to frighten investors and, today, the Obama administration is announcing new plans to empower the Federal Reserve and create new institutions for systemwide oversight. The S&P 500 has already fallen 3.6% this week, and futures show few signs of improving at the today’s open. The main data points today are the Consumer Price Index , which is set to advance 0.3% in May, and the Current Account report. Federal Reserve chairman Ben Bernanke speaks alongside...