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The economy will “probably not” rebound in the last half of 2017, according to Federal Reserve Bank of St. Louis President James Bullard, and don’t expect inflation to suddenly turn around either.

Luke Bronin called the latest multiple-notch downgrades no surprise.

Given the numerous uncertainties in the economy, gradual rate hikes remain the best course, Federal Reserve Board Chair Janet Yellen said.

Wide disparities in wealth and income remain in the U.S., Federal Reserve Governor Lael Brainard said.

Mitchell Katz will continue the reorganization plan for the beleaguered city unit, said the mayor.

Assured Guaranty and Build America Mutual presented city and state officials with an alternative to bankruptcy.

Federal Reserve Bank of New York President William Dudley said factors restraining price pressures should disappear with time, allowing the U.S. central bank to maintain its gradual pace of monetary policy tightening.

Top Republicans say they will meet with Democratic Gov. Dannel Malloy, who vows to veto the GOP-backed budget.

Inflation will reach 2% in 2019 and stay there in 2020, after getting close in 2018, Federal Reserve Board Chair Janet Yellen said during a press conference Wednesday afternoon.

A decade after the financial crisis first flickered, the U.S. is set this week to lead the developed world in exiting unconventional policies that central banks unleashed to save the global economy.

While Mayor Luke Bronin awaits state aid from a fractious government, a bondholder call looms.

The Federal Open Market Committee meeting should produce a start date for balance sheet reduction and a new dot plot, but no rate hike.

Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

A planned overnight short-notice vote failed to materialize amid continued tweaks.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.

Federal Reserve Chair Janet Yellen and President Donald Trump’s daughter and adviser Ivanka had a breakfast meeting on July 17 at the U.S. central bank, according to Yellen’s public schedule.

Bankruptcy may be the only way for Hartford to solve its financial problems, said Connecticut's governor, Dannel Malloy.

New York Fed President William Dudley said hurricanes could influence the timing of the next interest-rate increase, although growth warrants gradual hikes.

The capital city has threatened to file bankruptcy in 60 days if it doesn't get sufficient state help.