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"We need to act now, forthrightly, strongly as we have been doing," Powell said Thursday in remarks at the Cato Institute's monetary policy conference.

The bridge loan program announced in July will spare suburban taxing bodies from having to issue tax anticipation notes to bridge a months-long delay in property tax bills going out

The Kentucky State Property and Buildings Commission deal will fund capital improvements and public projects across the state.

The Investment Company Institute reported $2.527 billion of outflows from muni bond mutual funds in the week ending Aug. 31 compared to $765 million of outflows the previous week.

Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.

"The outlook for future economic growth remained generally weak, with contacts noting expectations for further softening of demand over the next six to twelve months," the Fed said Wednesday in its Beige Book report.

The shift towards flexible and remote work as a result of COVID-19 has already begun to reshape cities, moving concentration away from the centralized business districts.

Federal Reserve Bank of Cleveland President Loretta Mester also reiterated that she does not expect the Fed to cut rates next year, noting that policy makers need to keep inflation expectations from becoming unanchored.

Judge Swain may approve the amended version in the next few weeks.

Ahmed's appointment comes a few months after longtime SIFMA lawyer Ira Hammerman announced he would leave the job this year.