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The Federal Reserve does not need to raise the federal funds rate target, as inflation has failed to reach 2%, Federal Reserve Bank of St. Louis President James Bullard said Tuesday.

Federal Reserve Chair nominee Jerome Powell has likened central bank communication to a popular Far Side cartoon: A man chides his dog Ginger about rooting through the trash, but all the dog hears is “Blah, blah, Ginger, blah, blah blah.”

New York's MTA is pouring its capital into projects that don't reflect population growth, says a Manhattan Institute report.

Rising debt, legacy costs and challenges from Washington all pose challenges for the New York mayor after winning re-election.

Mayor Bill de Blasio's advisors worry about the effect of eliminating advance refundings and private activity bonds.

Federal Reserve Chair Janet Yellen hasn’t yet decided whether she’ll stay at the central bank in a diminished role when her term as chair ends in February, Treasury Secretary Steven Mnuchin said.

Democrat Scott Stringer earned a second term by trouncing Republican Michel Faulkner.

President Donald Trump’s nominee to lead the U.S. Federal Reserve may have to wait until after Thanksgiving for his Senate confirmation hearing.

With the underlying growth potential of the economy hard to pin down, targeting a price level could be effective, Federal Reserve Bank of San Francisco President John Williams argues.

Randal K. Quarles was sworn in as a member of the Federal Reserve Board of Governors and as vice chair for supervision on Monday, the Fed said.