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Federal Reserve Chairman Jerome Powell said the central bank can continue gradually raising interest rates as the outlook for growth remains strong, and the recent bout of financial volatility shouldn’t weigh on the U.S. economy.

Federal Reserve Governor Randal Quarles offered an optimistic view of the U.S. economy, suggesting it may be on the cusp of a sustained period of faster growth and reaffirming his support for “gradual” interest-rate increases.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

Monetary policy targeting a federal funds rate between 1.25% and 1.5% is appropriate, Federal Reserve Bank of St. Louis President James Bullard said Monday.

With the Federal Reserve’s monetary policy report sticking to the policies professed in its latest post-meeting statement, markets will look to the question and answer sessions Federal Reserve Board Chair Jerome Powell will face from Congress next week.

Federal Reserve Governor Randal Quarles delivered an upbeat assessment of the U.S. economy and endorsed a “gradual” path for raising interest rates in his first public speech on monetary policy since joining the central bank in October.

Inaction, significant new debt and failure to control labor costs and other cost drivers could pose major bondholder risks, says a Gurtin report.

New York City Council member Robert Cornegy Jr. called the city administration's management of public housing incompetent.

A key House committee chairman would block any attempts to expand PABs for public infrastructure projects.

Mayor Bill de Blasio’s $88.7 billion preliminary budget faces tougher scrutiny with Corey Johnson as City Council speaker.

Federal Reserve Chairman Jerome Powell said the U.S. central bank had made great progress in its pursuit of full employment and stable prices but was on the lookout for threats to the economy amid turmoil in financial markets.

Among the many programs proposed for elimination by the president's fiscal 2019 budget are Community Development Block Grants, the Low Income Home Energy Assistance Program, the Community Services Block Grant, HOME and the Housing Trust Fund.

Gross city product rose only 1.2% in the fourth quarter. according to the city's comptroller.

Still dusting themselves off from last year’s budget chaos, Gov. Dannel Malloy and Connecticut lawmakers reconvene to grasp a glaring transportation fund crisis.

Discounting market volatility, Federal Reserve Bank of New York President William Dudley Thursday expressed confidence in the economy’s strength and said the Fed’s projections of three rate hikes this year “seem reasonable.”

Federal Reserve Bank of San Francisco President John Williams said he isn’t altering his view on the U.S. economy or preference for a continued gradual rate hike path after several days of volatile markets.

Federal Reserve Bank of New York President William Dudley said recent stock-market declines weren’t that big and don’t yet change his outlook for the U.S. economy.

Federal Reserve Bank of St. Louis President James Bullard maintains his position against tightening.

A provision in the New York governor's budget plan would enable the Metropolitan Transportation Authority to create tax increment financing districts in New York City.

Federal Reserve Chairman Jerome Powell emphasized a commitment to better communication with the public.