During a Congressional Oversight Commission hearing, the Fed's Kent Hiteshew said the MLF is working as is, despite having made loans to only two issuers.

Duane McAllister and Lyle Fitterer of Baird talk with Chip Barnett about low rates and credit quality. They discuss the best scenarios for investors and issuers in these challenging times. (20 minutes)

Most panelists don't expect rates to budge in the three-year projection horizon.

Judy Shelton, President Donald Trump’s controversial nominee for the Federal Reserve Board, doesn’t yet have enough support in the Republican-controlled Senate to win confirmation, said Sen. John Thune, the chamber’s No. 2 GOP leader.

With Congress gridlocked over the coronavirus rescure package, the nation's largest trasit authority may have to look for other options.

With its new policy framework in place, the Fed will decide how it can use its tools more aggressively and effectively to achieve its primary goal of increasing jobs and wage growth through a more robust economic rebound.

Sources say lawmakers want to know why the Municipal Liquidity Facility has only been used by two issuers.

Gov. Phil Murphy’s administration faces a fast-approaching deadline to choose its debt strategy: long-term GO bonds or the Fed's Municipal Liquidity Facility.

The dot plot will be the star of the meeting, but the coronavirus and the elections will be part of the discussion, economists say.

Currently, the maximum maturity period for bonds under the MLF is 36 months, up from 24 months when the program was first created in April.

Despite a positive employment report last week, Chair Powell predicted a slow recovery with COVID-19 still not under control.

The short-term Municipal Liquidity Facility does not meet the city's needs, the mayor said while repeating his call for borrowing authority from New York State.

Although there was moderate growth of activity in the economy, continued volatility and uncertainty gives some cause for concern about the overall outlook.

The Fed will have to "pivot from stabilization to accommodation" during the pandemic, Fed governor says.

Federal Reserve Vice Chair Richard Clarida left open the possibility of employing Treasury yield caps at some point in the future, though he indicated it’s not likely now and reiterated the central bank’s rejection of negative interest rates.

There isn’t any urgency for the Federal Reserve to offer more clarity on how long it will hold interest rates near zero at the moment because investors already understand the central bank won’t be tightening for a while, Minneapolis Fed President Neel Kashkari said.

Federal Reserve Board Chair Jerome Powell announced the group's new policy framework, but didn't explain why it would work.

The Federal Reserve has already given enough guidance about the likely path of interest rates at this juncture and doesn’t need to offer more, Dallas Fed President Robert Kaplan said.

Federal Reserve Chair Jerome Powell announced a new approach to monetary policy Thursday that takes a more relaxed stance on inflation and on its view of how low U.S. unemployment can go.

The big gain suggests the manufacturing sector will be a positive for economic growth in the near term.