The Federal Open Market Committee's decision to begin tapering its asset purchasing program in January was the proper decision, Federal Reserve Bank of Richmond President Jeffrey Lacker said in a television interview Monday.
Going forward, Lacker said, the FOMC could increase or decrease the pace of the purchase program.
The decision to taper was not affected by the impending leadership change at the Fed, Lacker said in the interview on CNBC.
"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
The law firm revealed 2024 promotions.
As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
The extension of the current solar net metering system could lower revenue for the utility.
The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
