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Economist Lisa Cook has the backing of several key White House officials and allies outside the administration as a possible choice for President Joe Biden in filling a vacancy on the Federal Reserve Board of Governors, according to people familiar with the matter.
February 11
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While most observers expect inflation to grow as the economy heals, the latest CPI numbers suggest that it hasn't yet arrived.
February 10
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Local governments would get 40% of the $350 billion in direct federal aid to state and local governments.
February 10
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The Federal Reserve’s Main Street Lending Program, which was designed to provide emergency support to mid-size U.S. companies during the pandemic, lent out a total $17.5 billion.
February 9
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More than 30 finance chiefs of major U.S. cities sent a letter to the Biden Administration making their case for direct aid and new borrowing tools
February 9
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A House committee is considering for the first time how grants for ports will be appropriated to combat the pandemic.
February 9
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The IRS Tax Exempt Bond unit closed nearly 300 cases instead of attaining its earlier goal of around 500 cases.
February 9
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Bouts of higher inflation won’t be surprising and while they’ll likely be transitory, it’ll be something to watch closely, said Federal Reserve Bank of Dallas President Robert Kaplan.
February 9
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The SEC opened a request for comment on money market fund rules, which could provide an opening for localities seeking a return to a stable net asset value.
February 5
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Federal Reserve Bank of Kansas City President Esther George said the U.S. central bank was still “far away” from achieving its goals and it was premature to start a debate on scaling back its massive bond-buying program.
February 5
