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Monetary policy may need to become restrictive at some point, but the Summary of Economic Projections is “not a signal” that it will, Federal Reserve Board Chair Jerome Powell said Wednesday.

The Federal Reserve raised borrowing costs for the fourth time this year, ignoring a stock-market selloff and defying pressure from President Donald Trump, while dialing back projections for interest rates and economic growth in 2019.

It remains unknown if Gov.-elect Ron DeSantis will continue Rick Scott’s practice of limiting new bond issuance.

Treasury Secretary Steven Mnuchin dismissed the economic significance of a flattening yield curve that some investors see as potential precursor to a U.S. recession.

While bond market prognosticators are confident the Federal Open Market Committee will raise the fed funds rate target by 25 basis points this week, they remain less certain on the outlook for 2019.

Analyst Marc Joffe says bulk downloading should be free on EMMA.

Mayor Bill de Blasio's troubleshooting plan for New York public housing features three new programs.

Sen. John Kennedy blasted the Municipal Securities Rulemaking Board during a Senate Banking, Housing and Urban Affairs Committee meeting.

Arthur Bass, managing director of fixed income financing, futures and rates at Wedbush, discusses the yield curve inversion, recession chances and the Federal Reserve. Gary Siegel hosts.

Doñé will take a key advisory role in the nation's fourth-largest pension system.