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With uncertainty about the tools used to measure the economy, Federal Reserve Board Vice Chair for Supervision Randal Quarles said Thursday, it is important to map out a monetary policy strategy and stick to it.

To combat the challenge, many municipalities have turned to creating OPEB trusts to fund the liabilities.

Andrew Kleine discusses his new book “City on the Line,” which takes readers through his rollercoaster 10-year run as Baltimore budget director — from arriving amid the Great Recession, working with Mayor Stephanie Rawlings-Blake in the lead up to the 2015 riots and implementing outcome based budgeting to achieve a fiscal turnaround. Hosted by Andrew Coen.

"I thought their approach was novel," Connecticut Lottery Corp. President Gregory Smith said of New Jersey's maneuver to boost pension funding.

The composite of the Leading Economic Index was up 0.5% in September following a 0.4% gain in August, the Conference Board said Thursday.

A modernized version of the Taylor rule suggests keeping the fed funds rate target near current levels through 2021, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

Initial claims U.S. state unemployment benefits fell by 5,000 to 210,000 in the October 13 employment survey week.

Manufacturers report expansion at a slightly slower rate in October, and the Federal Reserve Bank of Philadelphia Report on Business respondents reported price indexes were “lower than their readings for most of this year.”

Rahm Emanuel, who is not seeking re-election, offered a budget with no tax increases or answers to long-term pension funding questions.

Kelly Jin, a former White House adviser, will work to streamline analytical and data practices in the Big Apple.