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The MTA's new capital plan will include nearly $2 billion for the project to add capacity on the LIRR Main Line.

The Federal Reserve’s balance sheet will be reduced substantially, but not to the $1 billion level from before the financial crisis, Federal Reserve Board Chair Janet Yellen said.

A collaborative effort is needed to keep Hartford out of bankruptcy, Connecticut Gov. Dannel Malloy said.

SEC chair Jay Clayton wants to ensure the fixed income market is efficient and transparent.

Federal Reserve Board Chair Janet Yellen said Wednesday that although the timing of balance sheet normalization beginning “doesn’t matter a great deal,” she would like to see it start “relatively soon.”

It’s “premature” to decide inflation won’t go back to 2% in the coming years, and the Federal Reserve will alter its course if the inflation undershoot is “persistent,” Federal Reserve Board Chair Janet Yellen said Wednesday.

Junk status underscores the need for a 'far-sighted restructuring,' according to Luke Bronin.

Federal Reserve Chair Janet Yellen said the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing the Fed is monitoring too-low inflation.

Calling the “normalization of the federal funds rate … well under way,” Federal Reserve Board Governor Lael Brainard said it is almost time for balance sheet run off.

New York City's comptroller called for a $3.5 billion bond measure to fund mass transit improvements.