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.

Federal Reserve Bank of Kansas City President Esther George, who has been among the most hawkish Fed policy makers, doesn’t oppose some overshooting of the central bank’s 2% inflation target and sees more risk of price pressures being too weak than too strong.

Observers expect the Fed to use the gathering, virtual this year, to release the new monetary policy framework it's been working on.

Recent inflation data suggests an expected pickup in inflation, but economists see a different picture.

A group of former Federal Reserve officials and staffers, including former Vice Chairman Alan Blinder, published an open letter Thursday calling on the U.S. Senate to reject President Donald Trump’s nomination of Judy Shelton to the central bank’s Board of Governors.