Organization Root Tag

Critics say there are problems with part of the team because of a conflict of interest and a lack of experience.

Bondholders say they have lost patience after six years of nonpayment.

Speaking at an event hosted by the Council on Foreign Relations, Federal Reserve Gov. Christopher Waller said the Federal Reserve has a long runway for its balance sheet reduction.

Treasury's move is the latest by the federal government to enforce its Offset Provision that bars states from using ARPA funds for tax cuts.

High-speed rail connecting Portland, Seattle and Vancouver, B.C. would spark $355 billion in economic development, supporters say.

Kansas City Fed President Esther George said officials don't want to raise interest rates by so much that policy becomes overly restrictive and the economy can avoid a sharp downturn.

The Miami area unemployment rate fell to 1.4% in December and saw the second-highest number of private-sector job gains in the state on a year-over-year basis.

In a speech delivered Thursday afternoon, the Federal Reserve's vice chair said she does not see a wage-price spiral driving inflation, but rather a "price-price spiral."

Transportation sectors from airports to toll roads are expected to remain stable despite a likely recession and high inflation and interest rates, ratings analysts said.

The Texas attorney general's office determined a Citigroup commercial firearms policy does not comply with a 2021 state law prohibiting state and local government contracts with companies that discriminate against the firearms industry.

To cool inflation, the Boston Fed president said, the central bank may need to keep raising rates and then holding them steady for a while.

The MSRB's CEO sat down to discuss regulatory developments in 2023, the board's efforts on technology and other topics.

"Selling prices increased at a modest or moderate pace in most districts, though many said that the pace of increases had slowed from that of recent reporting periods," the Fed said.

While the legislation heading to Gov. J.B. Pritzker's desk will not affect CPS' rating in the short-term, the district's ability to manage labor conflict could affect credit quality over time, Fitch said.

With the Permanent University Fund only benefitting the two biggest public universities in Texas, the state legislature will consider creating an endowment for other higher education institutions.

Missouri's challenge to the law that prohibits pandemic aid funding being used for tax cuts won't get a hearing.

The MSRB's quarterly meeting, set to take place Jan. 25-26, will also include discussion of EMMA modernization efforts and the impacts of the Financial Data Transparency Act.

The Municipal Securities Rulemaking Board's request for comment on amendments to its primary offering disclosure rule garnered just two submissions.

Bullard says Fed rates need to stay on tighter side in 2023

Powell, 69, received the positive test Wednesday and "is up to date with COVID-19 vaccines and boosters," the Fed said in a statement, adding that he is working remotely while isolating at home.