Person Root Tag

The Federal Open Market Committee raised the federal funds rate target to a 1.50% to 1.75% range, as expected, while the Summary of Economic Projections still calls for three hikes this year.

They say the city’s massive capital program needs right-sizing to solve a problem that goes back several administrations.

Former Federal Reserve Chair Janet Yellen said higher interest rates will be needed to keep the U.S. economy from overheating.

The municipal bond market will focus more on the Summary of Economic Projections and the press conference, with a rate hike assumed.

Directors at the Federal Reserve Bank of New York said they had narrowed their search for the bank’s next president to a “handful of final candidates,” without naming any.

Solvency for the beleaguered unit is a tall order for the new H+H chief, given myriad challenges from within and afar.

The House has approved similar municipal securities and Puerto Rico provisions, but has wanted more sweeping bank deregulation legislation than the Senate.

As the New York City Housing Authority crisis festers, streamlined project delivery could help speed up emergency repairs and fund other capital needs.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

Council Speaker Corey Johnson spelled out several conditions for such an increase to MTA Chairman Joe Lhota.