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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.

Sen. Elizabeth Warren, D-Mass., was the only member of the Senate Banking Committee to oppose the nomination of Federal Reserve Board Gov. Jerome Powell to lead the central bank.

The governors of California, New York and New Jersey said they would challenge the Republican tax bills in court if they pass.

New York Mayor Bill de Blasio named Dean Fuleihan first deputy mayor and Melanie Hartzog as budget chief.

If the Federal Reserve continues to raise the federal funds rate target, it risks inverting the yield curve, often seen as a precursor to recession, Federal Reserve Bank of St. Louis President James Bullard said Friday.

Marvin Goodfriend, a noted economist and former Richmond Fed official, was tapped to fill one of three vacancies on the Fed board.

Dragged down by prices not sensitive to the economy, inflation should rise next year, Federal Reserve Bank of San Francisco President John Williams says.

Blaming “transitory factors” for low inflation rates, Federal Reserve Board Chair Janet Yellen said Wednesday she expects gradual fed funds rate increases for “the next few years.”

The Citizens Budget Commission says deficits could compromise Chairman Joseph Lhota's subway improvement plan.

Federal Reserve chair nominee Jerome Powell said the case for raising interest rates at next month’s policy meeting is strengthening.

President Donald Trump’s nominee to head the Federal Reserve is making one thing clear as he prepares to testify before lawmakers: He’s not here to shake things up at the U.S. central bank.

Thomas Hamilton, Scott Jackson and Jay Nolan will join the nascent board that will intervene in and assist with municipal distress cases.

Federal Reserve Chair Janet Yellen cautioned that raising interest rates too quickly risked stranding inflation below the U.S. central bank’s 2% target.

New York's mayor says realized money will more than offset increased spending for fiscal 2018 and 2019.

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.