Federal Reserve Board Chair Janet Yellen will resign as a member of the Fed’s Board of Governors when Jerome Powell is sworn in as chair, the Fed announced Monday.
Yellen’s departure means there will be four openings on the Fed’s seven-member Board.
Yellen said in her resignation letter it was “a great privilege and honor” to serve in the Fed system for three decades and expressed faith in Jerome Powell’s commitment to the Fed’s mission.
Financial markets have embraced prediction markets as a mainstream crowdsourced provider of real-time probability signals and risk-hedging tools.
Spiking oil prices and incoming news from the Federal Reserve is pressuring UST yields, which are pressuring munis, according to Schwab's Cooper Howard.
Former Rep. Bill Archer, who chaired the House Ways and Means Committee for three terms, died Saturday at the age of 98 leaving behind a tax writing legacy that began in 1994.
The NJTA is planning to sell three series of revenue bonds Series 2026 A-1 ($570 million), Series 2026 A-2 ($150 million) and Series 2026B ($339.5 million), which received an A1 rating from Moody's.
A hearing on the borrower's motion to dismiss is set for July 15.
The revenue shortfall has the attention of some rating agencies.
