Washington

Uncertainty has been the code word since March — about the length of the pandemic, about the election, and many other issues. The markets hate uncertainty.

The board, at the first quarterly board meeting of its 2021 fiscal year, also voted to split its existing Nominating and Governance Committee into two.

The Oversight Board said it is working on a response.

The National Governors Association reported this week that states expect to exhaust their entire share of the Coronavirus Relief Fund by the Dec. 30 deadline.

Fed finds most areas improving, with different sectors showing greta variation in activity.

Credit rating agencies have done relatively few credit downgrades.

A senior Federal Reserve official said an expansion of the MLF won’t happen unless the program is extended into 2021.

The Municipal Securities Rulemaking Board's new CEO plans to improve the quality of data on its site.

Groups said regulation would not be helpful in encouraging more disclosure.

Despite "robust" progress, it will take "some time" for the economy to return to pre-pandemic levels, according to Fed Vice Chair Richard Clarida.