Washington

Fed’s Rosengren calls Biden stimulus plan big yet ‘appropriate’

In addition to direct aid, they would get money for vaccinations, education, transit, housing, Medicaid, LIHEAP, and TANF.

The group specifically revised six of its model disclosure documents for risk disclosure including floating rate notes, fixed-rate bonds, interest rate swaps, forward delivery bonds, tender offer bonds and variable rate demand obligations.

The new Democratic Senate majority makes the path to enacting muni-friendly policy easier than it has been for years.

KC Mathews, executive vice president & chief investment officer at UMB Bank, discusses how the coronavirus pandemic has affected the economy and what he expects going forward. He speaks about what the incoming Biden administration and the Democrats' control of Congress will mean for the economy; and the Federal Reserve's stance and role in recovery. Gary Siegel hosts. (Recorded Jan. 7; 28 minutes)

Municipal bonds continue to ignore UST and ICI reports $2.67 billion of inflows. While CPI should stay soft through the first quarter, expectations for future inflation should be considered.

The SEC's Office of Municipal Securities is moving ahead on the Libor transition and issued a detailed advisory Friday to the municipal securities market.

His experience as an active regulator as head of the Commodities Futures Trading Commission may transfer to his new post.

It’s premature to discuss reducing the amount of monetary-policy support for the U.S. economy while the pandemic is still raging, said Federal Reserve Bank of St. Louis President James Bullard.

Dealers said the pandemic has highlighted the challenges of outdated rules and the need to modernize them.