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.
Following a volatile April, a few municipal bond analysts are optimistic about the near-term future.
The city, which faces a budget shortfall, would receive the lesser of 30% or $80 million of Harris County Toll Road Authority surplus toll revenue.
It's the latest in a series of legislative efforts to restore tax-exempt advance refunding of bonds.
Falling financial dominoes started by a continuing resolution passed by Congress is leading to budget delays and the threat of a lawsuit by City Council as Washington prepares for a nearly $1.5 billion bond issuance.
April's volume was revised upward to $45.825 billion in 727 issues, up 2% from $44.945 billion in 707 issues in the same period in 2024, according to revised LSEG data.
Republicans balked at a national car registration fee to support the insolvent Highway Trust Fund.
