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Tim Romer, Goldman Sachs’ longtime head of West Region, will retire in early 2019, leaving his post in the public sector and infrastructure banking group to Ritu Kalra.

Forward guidance and quantitative easing became important tools for the Federal Reserve in the Great Recession, but received mixed reviews as to their effectiveness.

Municipal bonds were stronger at midday, as traders get set to see about $9 billion of new issues come to market this week.

Federal Reserve Chairman Jerome Powell’s testimony to Congress scheduled for Wednesday has been canceled.

The deal allows advisory firm Columbia to grow on the West Coast by combining with an established organization.

The Treasury market has functioned normally despite the Federal Reserve’s balance-sheet reduction, according to Federal Reserve Board Gov. Lael Brainard.

The $1.8 billion Chicago O’Hare Airport deal tops a $9 billion new issue calendar that will slake the thirst of a supply deprived municipal bond market this week.

Construction spending was down 0.1% in October, below the 0.4% gain expected.

Growth in SMAs and the increased focus on environmental, social, and governance strategies have increased pressure and competition for managers.

The overall economy grew for the 115th straight time, the Institute for Supply Management reported Monday.