Washington

Federal Reserve Gov. Stephen Miran said he doesn't "really buy" the view that a potential indictment of Fed Chair Jerome Powell would affect the central bank's monetary policy.

Panelists diverged sharply on the outlook for 2026 at the Executives' Club of Chicago's Annual Economic Outlook panel, held at a hotel in Chicago's Loop.

The RFC asks a number of questions about the dealer supervisory rule.

"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.

"BNY is pleased to have resolved this matter," a BNY spokesperson said.

The "Making the American Dream Affordable Again" roadmap makes no mention of tax-exempt bonds.

"I don't think this topic is necessarily gaining traction as an enforcement matter," said Andrew Kintzinger, counsel at Hunton Andrews Kurth LLP.

Despite the quiet start to the week for munis, all financial markets may feel a "heightened level of risk for rate volatility over the next few days," said Tim Iltz, a fixed income credit and market analyst at HJ Sims.

The compromise bill rejects the Trump administration's effort to rescind $16.5 billion of IRS funding that comes from an $80 billion infusion in the Democrats' 2022 Inflation Reduction Act.

"We are pleased to resolve this matter," Wells Fargo said in a statement.