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.
Munis enter this year with "strong credit fundamentals, elevated tax-equivalent yields, and a steeper curve that supports duration extension," said James Welch, municipal portfolio manager at Principal Asset Management.
The MSRB published the request for comment Nov. 3 to seek input on draft amendments to Rule D-15, which defines the term sophisticated municipal market professional.
States have been slow to put the money to work.
A federal court decision enjoins the state from enforcing a 2021 law that penalizes investment banks and others for "boycotting" the fossil fuel industry.
Proceeds will help finance late stages of construction of city hall.
A Senate bill would introduce public-private partnerships for transportation projects, while another would transfer ownership of roads to localities.
