Randal K. Quarles was sworn in as a member of the Federal Reserve Board of Governors and as vice chair for supervision on Monday, the Fed said.
Following his confirmation, Quarles took office on October 13 to fill an unexpired term ending on Jan. 31, 2018.
His term as vice chair for supervision ends on Oct. 13, 2021.
The muni market is dealing with elevated supply this week and secondary flows have "reacted in tandem," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.
After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.
The U.S. and California economies will slow in early 2026, only to recover later in the year, according to the forecast.
"The county will file an appeal," Suffolk County said in the Dec. 1 EMMA filing.
The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.
