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Interest rates are nearing the neutral level — the rate that neither stimulates nor restrains economic growth — Federal Reserve Board Chair Jerome Powell said Wednesday.

Treasury Secretary Steven Mnuchin privately asked bond dealers and investors whether they want the Federal Reserve to tighten monetary policy by raising interest rates or through faster cuts in its securities portfolio.

President Trump stepped up his attacks on the Federal Reserve Board and its chairman, Jerome Powell, blaming the central bank for declines in the stock market.

The choice appears to reaffirm U.S. regulators' commitment to the international standards-setting body.

The three previous PAFRs won financial reporting awards from the Government Finance Officers Association.

The U.S. central bank will stick with its campaign of gradual interest-rate increases, said Federal Reserve Bank of New York President John Williams.

Federal Reserve Chairman Jerome Powell said the U.S. economy is strong but could face headwinds next year.

Retail giant Amazon announced separate joint second headquarters in New York City and Arlington, Virginia.

Federal Reserve interest-rate hikes are causing the U.S. trade deficit to widen, not unfair Chinese trade practices, former Fed Chair Janet Yellen said.

Democrats control the state legislature, changing the calculus for Gov. Andrew Cuomo, who will begin his third term.