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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.

New York Fed President William Dudley reiterated the need to continue raising interest rates while conceding the inflation model may be need a rethink.

Mayor Luke Bronin told Gov. Dannel Malloy and lawmakers that Chapter 9 for Connecticut's capital is inevitable if the state cannot pass a budget.

The Senate Banking Committee voted Thursday to advance the nominations of Randal Quarles to serve as the Federal Reserve’s vice chairman for supervision and Joseph Otting to be Comptroller of the Currency, taking key steps toward President Donald Trump’s goal of reshaping regulation of Wall Street.

The Democratic mayoral candidates debated the city's resilience level as more hurricane activity looms.

Lloyd Blankfein, who was Gary Cohn’s boss for more than a decade at Goldman Sachs Group Inc., endorsed his former deputy’s qualifications to run the Federal Reserve.

Kevin Lembo says rating agencies are poised to hammer the state and its cities again.