With economic recovery "slow" and new lending "limited" four years after the financial crisis, Federal Reserve Bank of Kansas City President and CEO Esther L. George suggested "unresolved problems" could remain.
Esther George: 'Unresolved Problems' May Remain
NOV 16, 2012 9:00am ET
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"One of these things does not belong" is a catchy slogan and it comes to mind when looking at the latest tax policy ideas coming from Washington when looking at the municipal bond tax exemption. The exemption is not a result of the growth of a tax code designed to induce or reduce certain behaviors. Rather, it is the foundation for the flow of capital in a $3.7 trillion dollar market required to efficiently finance the nation's infrastructure.
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