WASHINGTON — Federal Reserve chairman Ben Bernanke Tuesday underlined his currently dovish credentials, saying in a rare television interview that while encouraged by recent economic data, he remains “cautious” and is against changing the Fed’s highly accommodative stance “too quickly.”
He cautioned that if economic conditions become stronger or weaker, the Fed’s estimate that interest rates will remain low through late 2014 will have to change.
Two rating agencies upgraded Los Angeles Unified School District's bond ahead of multi-billion dollar refunding.
The Basel III Endgame proposal to restructure capital holding levels comes under fire.
Friday price talk for the unrated tax-exempt paper was between 11% and 15%.
The board approved that step at its second quarter board meeting held this week.
The Inflation Reduction Act, affordable housing and clean energy were among the topics discussed at Baker Tilly's DevelUP conference in Chicago this week.
The replacement Hollywood Burbank Airport terminal won't have more gates, but will be less cramped and resolve its noncompliance with FAA safety regulations.
