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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.

William C. Dudley, Federal Reserve Bank of New York president and chief executive officer, intends to retire in mid-2018 “to ensure that a successor is in place well before the end of his term,” the Fed said in a statement Monday.

Federal Reserve Bank of New York President William Dudley is close to announcing his retirement, according to CNBC.

Many industry observers believe Federal Reserve Board Janet Yellen will retire from the central bank once her term as chair expires in February. But there are reasons she might stay.

Amid East Coast transit systems' overcrowding and strained capital budgets, advocates tout ferries as low-cost alternatives.

President Donald Trump’s top economic adviser said the administration won’t wait long before selecting a No. 2 official at the Federal Reserve.

A commission would examine transferring capital assets to a trust and building asset values to benefit pension plans.

Jerome Powell wasn’t a lock to be President Donald Trump’s pick to lead the Federal Reserve.

When it comes to winning over traders in the $14.2 trillion Treasuries market, Jerome Powell has it relatively easy.

The bond markets will not have a huge reaction to the nomination of Governor Jerome Powell as chair as of Federal Reserve Board, seeing it as a continuation of the monetary policies of Janet Yellen and Ben Bernanke before her.

The governor's action ends a five-month impasse over the biennial spending plan, though work remains at the state capitol.