NEW YORK - The Fed is not achieving either part of its dual mandate, Federal Reserve Bank of Chicago president and chief executive officer Charles Evans repeated Friday, according to prepared text of a speech for delivery to the Indiana Bankers Association Economic Outlook Forum, which was practically the same as his speech earlier in the week to an Illinois Rotary Club gathering.
Muni yields were cut up to five basis points Thursday, depending on the scale, after yields rose up to two basis points the day prior.
The spending plan includes revenue-raising measures involving the bond-issuing combined utility system that have sparked concerns by the city's controller.
Immediately after signing a $70 billion reconciliation bill into law, President Trump began pushing for a third reconciliation package.
The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.
California State Controller Malia Cohen released her monthly cash report and announced formation of a new economic advisory council this week.
Macon-Bibb County, Georgia, plans to issue $350 million of debt for new sports and entertainment arena anchored by a team called the Macon Mayhem.
