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The White House asked former domestic policy adviser Paul Winfree if he was interested in joining the Federal Reserve Board of Governors.

The April employment report topped estimates for jobs created, while the jobless rate fell to a 49-year low; wage increases missed projections.

Federal Chair Jerome Powell doused market hopes for a rate cut, but it was not the result of a shift in Fed policy.

The announcement comes after several news reports that Stephen Moore would not back down from his anticipated nomination to serve on the Fed despite growing concerns from Republican senators.

The Fed Chair said the FOMC is “comfortable with our current policy stance,” which he termed “appropriate.”

While groups were encouraged to see a bipartisan meeting with Trump, House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer, some fear munis could be hurt in the compromise.

President Donald Trump suggested Tuesday that if the Federal Reserve cut interest rates by one percentage point and resumed bond purchases it would boost the economy “like a rocket,” as central bank policy makers met to decide on where to set borrowing costs.

President Donald Trump’s top economic adviser said the White House still backs Stephen Moore for a position on the Federal Reserve Board despite growing criticism over past comments deriding Midwestern cities and women.

New York Mayor Bill de Blasio won praise for cost-cutting but drew criticism for failing to go far enough in preparing for an economic downturn.

A watchdog organization says New York City would fare better with a rainy day fund instead of its current reserve mechanisms.

President Donald Trump said he won’t nominate Herman Cain for a seat on the Federal Reserve Board after opposition from his own Republican party appeared to sink the former pizza company executive’s hopes for Senate confirmation.

The SEC’s Technology and Electronic Trading Subcommittee meets on pennying.

Bankers, lobbyists, issuers and lawyers aren't necessarily optimistic on an infrastructure bill passing this year.

Federal Reserve Chairman Jerome Powell asserted the Fed doesn’t consider political pressure in any way.

At least three Republican senators said they won’t back President Donald Trump’s choice of Herman Cain for the Federal Reserve Board, putting his prospective nomination in danger.

The City Council called on de Blasio to increase reserves in the $92.2 billion budget by $250 million.

“I personally think the Fed should drop rates. I think they really slowed us down. There’s no inflation," President Trump said on Friday.

Toll pricing, street management, transit funding priorities and a scramble for exemptions will be in play as New York paves the way for U.S. cities.

President Trump fired a fresh broadside at the Federal Reserve for raising interest rates last year, saying the economy is in good shape “despite the unnecessary and destructive actions” taken by the central bank.

Sens. Sherrod Brown, D-Ohio, and Ron Wyden, D-Ore., pressed Stephen Moore for details about reports that he owes more than $75,000 in taxes and failed to pay more than $300,000 in alimony and child support.