Washington

Federal Reserve Bank of St. Louis President James Bullard, who called for aggressive interest-rate hikes to fight the recent inflation surge, resigned after 15 years in the position to become dean of a university business school.

The SEC has adopted amendments that will increase minimum liquidity requirements, among other features but will only affect the muni market on the margins.

"The bond market finally got the relief from inflation it was hoping for," said Bryce Doty, senior vice president and senior portfolio manager at Sit Investment Associates. 

A recent paper reveals a combination of factors results in savings for issuers.

A new report finds that refunding tax-exempt debt with taxable bonds is more costly than waiting until the call date.

The ruling striking down affirmative action may bring a fresh headwind to the higher education space, which already faces soft enrollment trends.

Vern Breland has been permanently barred from participating in any municipal securities issuance after he and the city's municipal advisor were charged with misleading investors on two offerings.

Through proposed SEC regulations, federal grants and cybersecurity insurance, areas of the public finance industry are adjusting to costly and omnipresent cyber threats. 

It's the largest federal transportation grant to date, said Sen. Chuck Schumer, D-N.Y.

The Federal Reserve needs to raise interest rates a bit further to rein in an inflation rate that's too high, monetary expert John Taylor said.