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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.

A global perspective must be used to prepare for the next recession, even though it’s not on the near horizon, Federal Reserve Bank of San Francisco President John Williams said Thursday.

It may take 60 votes in the Senate to decide if the tax bill is subject to the PAYGO Act.

Budget secretary Benjamin Barnes' latest revenue estimate comes two weeks after lawmakers passed a $41.3 billion biennial spending plan.

More transparent communication on monetary policy intentions is effective and probably here to stay, according to four of the world’s most-powerful central bankers.

In a rare public admission of frustration, Janet Yellen chided fellow Federal Reserve policy makers who breach the carefully nurtured collegiality of the bank by staking out policy positions before bothering to hearing the views of their colleagues.

President Donald Trump is seeking a qualified candidate and not necessarily a Ph.D. economist to serve as Federal Reserve chairman nominee Jerome Powell’s vice-chair.