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Federal Reserve officials will probably seriously consider a new tool to contain short-term interest rates as they deliberate over when to start expanding the central bank’s balance sheet again, former New York Fed President William Dudley said.

States and cities have begun to factor climate risk into budgetary and other planning.

The Federal Reserve took center stage again Friday, with two presidents explaining why they dissented at the latest meeting and Vice Chair Richard Clarida terming it “healthy” debate.

More than 600 firms have adopted proxy access, a program launched under the comptroller’s Boardroom Accountability Project.

Observers said the opponents of further rate cuts on the Fed tend to be the non-voters.

Questions from transit observers and advocates followed the announcement by the Metropolitan Transportation Authority of its $51.5 billion capital program.

The Federal Open Market Committee meeting featuring the release of a new Summary of Economic Projections should give the market a better clue as to whether the expected rate cut is part of a mid-cycle adjustment or the second step in an easing cycle.

The Federal Reserve is likely to cut interest rates this week as its takes out some insurance to keep the U.S. economic expansion continuing in the face of geo-political uncertainty and a global slowdown.

The state will encounter budget gaps in the following two years, according to a new long-range revenue forecast.

President Donald Trump urged the Federal Reserve to lower interest rates to a level typically reserved for recessions or periods of persistently weak growth, suggesting that such a setting could allow the government to restructure Treasury debt at a lower cost.