Washington

The Federal Reserve is expected to pause at its September meeting. Jeff Timlin, a managing partner at Sage Advisory, will join us on Sept. 21 to provide analysis of the meeting.

Daly said the neutral interest rate — also known as R-star — may be higher now than it was before the pandemic

Despite recent improvements, "inflation remains well above the FOMC's 2% target. Domestic spending has continued at a strong pace, and the labor market remains tight," Bowman said Wednesday.

Treasury Department guidance allows funding for broadband enhancements, like boosting internet connectivity in public libraries or parks, improving internet coverage for students, and implementing public safety improvements.

A rising number of states levy a tax or fee on electric vehicles, but a new Senate bill would enact the first federal tax.

"The inflation rate is still too high, the level of inflation remains high, but at least we're seeing progress on it," Mester said Friday during an interview with CNN International.

At stake is nearly $800 million in Federal Transit Administration funds.

"If we continue to see a cooling labor market and inflation heading back to our target, we can hold interest rates steady and let the effects of policy continue to work," Daly said.

Public finance advocates are examining House speaker candidates to see which ones have local and state experience.

Without admitting or denying the findings, Luther Speight and his firm Luther Speight and Company agreed to pay civil penalties of $20,000 and $10,000, respectively.