Federal Reserve Chair Janet L. Yellen will join the Brookings Institution as a Distinguished Fellow in Residence with the Economic Studies program, effective Feb. 5.
Yellen will be affiliated with the Hutchins Center on Fiscal and Monetary Policy at Brookings, joining a team of several other leading economists, including former Federal Reserve Chair Ben Bernanke, who joined Brookings as a Distinguished Fellow in Residence in 2014.
Janet Yellen, chair of the U.S. Federal Reserve, speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on Thursday, July 13, 2017. Yellen said yesterday the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing a gradual approach to tightening as the Fed monitors too-low inflation. Photographer: Andrew Harrer/Bloomberg
Andrew Harrer/Bloomberg
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Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.
UST yields rose across the curve in response to the employment report with the two-year rising nearly 10 basis points while municipals largely ignored the moves and ratios fell as a result.
Oregon Department of Transportation leaders said they will begin layoffs Monday after lawmakers adjourned without passing a transportation funding bill.
"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.
The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.