Person Root Tag

Montreal businessman Anthony McCord will arrive next month as New York Metropolitan Transportation Authority's chief transformation officer to address the authority's myriad operational and capital funding challenges.

Fed Chair Jerome Powell doesn't see signs of recession in “the star economy,” while the St. Louis Fed's Bullard warns of a sharper-than-expected slowdown.

The most telling part of Fed Chair Jerome Powell's appearance before the Joint Economic Committee was when he refused to commit to the fed funds rate staying where it is for the next year.

Economic Club of New York attendees questioned the president's claims of an economic boom as well his efforts to spur the Federal Reserve into cutting interest rates faster.

The risk of a state takeover of the bankrupt utility, which Gov. Gavin Newsom has suggested, is not incorporated into California's rating, S&P said.

With the fed funds rate target cut to a range of 1.50% to 1.75%, the Federal Reserve may not have enough firepower to respond to the next economic shock.

Unlike previous central bank chiefs, Powell’s chances of being renominated by either the current president or many of the Democratic contenders are slim.

New York City voters take the first step to include a formal rainy day fund in the budget process.

Nonfarm productivity slipped, the Labor Department reported Wednesday, a day when comments from Fed presidents suggested cuts are done for now.

A special master will hear oral arguments Thursday in the federal lawsuit Florida filed in 2013, as both states incur significant legal costs.