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Federal Reserve Governor Lael Brainard on Friday called for the adoption of new strategies by the central bank to achieve its 2% inflation goal and fight off future recessions.

Federal Reserve Board Chairman Jerome Powell stuck to his message in questioning before members of the House Financial Services Committee: the economy is doing well and the Fed will stay on the sidelines unless there is a “material change” to its forecast.

Fed chair calls the illness a downside risk that arose while others are receding.

The Federal Reserve’s point person on financial regulation said the central bank is considering changes to its bank-supervision framework to enhance money-market liquidity.

Some muni market members don’t see hope for an infrastructure bill passing in 2020, even though Trump called for it in his address.

Scott Wiener plans to introduce a bill later this week outlining a plan to take over the bankrupt investor-owned utility.

The Massachusetts senator took aim at certain views expressed by Judy Shelton, a Trump administration pick to sit on the Federal Reserve Board, that have sparked controversy.

A special commission issued a series of recommendations to simplify a system that provides the city one-third of its revenue. Albany, though, must sign off.

The city comptroller, assailing what he called a "gentrification industrial complex," proposed measures including eliminating a state tax subsidy program.

Monetary policy is accommodative and will remain so this year, but with the Fed's framework review concluding, some analysts believe it will shift from a 2% symmetric inflation target to an average inflation target.

The FOMC post-meeting statement was much like the previous one, with just a minor tweak, as the fed funds target was kept at a range of 1.50% to 1.75%.

Just when everyone thought there would be little drama at this week’s Federal Open Market Committee meeting, the coronavirus has infected the broader markets. Experts still say monetary policy will be immune for now.

Gavin Newsom's filing urges the judge overseeing the utility's Chapter 11 not to approve bankruptcy exit financing commitments.

While the fed funds rate target will remain at a range of 1.50% to 1.75% and there will be no new Summary of Economic Projections, the FOMC meeting may offer insight into areas that may become problematic and its thinking on the balance sheet, analysts suggest.

Andy Byford’s departure as MTA New York City Transit president rekindled questions about governance at one of the world’s largest mass transit agencies.

The Securities and Exchange Commission will discuss voluntary disclosure and buy-side perspectives among other topics in March.

Andy Byford's resignation ends a two-year run marked by innovation and controversy.

As officials sift through Andrew Cuomo's plan to curb Medicaid costs, City Hall insists that the governor's spending-control emphasis is a de facto slash.

If Judy Shelton, who advocates for lower rates, wins confirmation to the Federal Reserve Board of Governors, President Trump may have his choice to replace Chairman Jerome Powell.

New York's governor wants to tackle the state’s budget gap through controlled spending rather than major revenue increases.