Person Root Tag

Jerome Powell was a reluctant supporter of a third round of emergency bond purchases in 2012 as the U.S. struggled to recover from the global financial crisis.

While dodging the actual phrase, Gov. Andrew Cuomo suggested now is the time to seriously consider a tolling plan to fund subway and street repair in New York City.

By setting a target, central banks have been able to keep inflation low and stable, Federal Reserve Bank of St. Louis President and CEO James Bullard said Thursday.

The state issued the notes in 2009 to cover operating expenses when its rainy-day fund was depleted.

The sectors creating the most jobs have relatively low wages and the city’s poverty rate remains high, said the Citizens Budget Commission.

It’s a powerful position so the stakes are high, and the appointment will come amid broader changes in Fed leadership.

The Connecticut governor cited recent changes to the state employee pension system as a parallel.

President Donald Trump will nominate Jerome Powell again to serve as the chair of the Federal Reserve after the Senate adjourned Thursday without voting to confirm him, White House spokeswoman Natalie Strom said.

The embattled authority’s physical needs assessment will probably exceed $25 billion, says the watchdog Citizens Budget Commission.

Jacqueline Thompson has worked for the New York City comptroller's office since 2000.

Skeptics question whether the MTA can deliver on time and on budget after it fumbled other big projects.

The changing federal landscape will trigger tax and revenue revisions and New York's growth may be insufficient to weather downturns, two reports said.

The rating agency will continue to monitor financial developments in Connecticut's capital city.

The authority, which runs New York City's subways and buses, faces uncertainty about external funding and its bonding options.

A gradual path of rate increases is likely to remain warranted, Federal Reserve Board Chair Janet Yellen reiterated Wednesday, noting that she is “personally concerned” about U.S. debt level.

The Federal Open Market Committee raised the federal funds target rate 25 basis points to a range of 1.25% to 1.50%, the Fed announced Wednesday.

Variables range from the effect of the federal tax bill on advance bond refundings to external support for a subway improvement plan.

Alternative strategies include general obligation borrowing to offset limited bonding capacity in the special transportation fund.

Only weeks after Gov. Dannel Malloy signed a fiscal 2018 budget, the state has a new round of fiscal crises.

Regional Plan Association's far-reaching ideas for New York-area transit overhaul struck some nerves, and president Tom Wright welcomes the debate.