Washington

Pressures from inflation concerns and broader rising rates weigh on munis in the second week of 2022.

Federal Reserve Vice Chair Richard Clarida intends to resign from the board of governors on Jan. 14, two weeks before his term is due to expire.

Treasury’s final rule on the State and Local Coronavirus Fiscal Recovery Fund allows counties to use up to $10 million for general public services and expands the list of eligible water, sewer, and broadband infrastructure projects.

Central bankers need to speak up about economic barriers prompted by racism and the need for inclusion and diversity, Federal Reserve Bank of Atlanta President Raphael Bostic said, a response to critics who see the work as a distraction from the Fed’s main goals. 

The Treasury has issued final ruling for the State and Local Fiscal Recovery Funds program, leaving the ban on the use of stimulus funds to offset tax cuts and furthering the battle of its constitutionality.

The Federal Reserve expects Omicron to fizzle in weeks, and while pandemic-related risks remain, the economy is strong and the Fed needs to address inflation and could liftoff as soon as March, Bullard says.

Public sector workforce challenges and diversity, equity, and inclusion are priorities for the new president.

Sarah Bloom Raskin, reportedly the Biden administration's top candidate for vice chair of supervision, would toughen the Federal Reserve's stances on the role of banks in combating climate change, capital requirements, the Volcker Rule and other policy areas, experts say.

ICI reported $1.101 billion of inflows into municipal bond mutual funds for the last week of 2021. Refinitiv Lipper figures on Thursday may give a sense of investor sentiment for week one of 2022.

The state expects to cut interest costs through the early repayment on the loan taken out through the Federal Reserve's emergency lending program to help pay down healthcare bills.