Washington

With rates at zero lower bound, and staying there, analysts are focusing on the post-meeting statement.

The two series are $355,730,000 Power Revenue Bonds, Series EEE, and $320,175,000 Power Revenue Bonds, Series YY.

This revision represents an update of Statement 34 issued in June 1999.

The bond lawyer group's No. 1 suggestion is to loosen the rules governing state and local government borrowing for working capital.

The Puerto Rico oversight board warned that without restructuring, PREPA faces about $4.5 billion of legacy debt service obligations in the next five years.

Republican Sen. Mitt Romney of Utah said he will vote against Judy Shelton, one of two Trump administration nominees to the Federal Reserve’s Board of Governors.

A Republican-led Senate and White House proposal that was circulating among lobbyists earlier this week indicated the major benefit for local governments would be new language providing greater flexibility for Coronavirus Relief Fund grants.

Market participants say issuer coronavirus disclosures have stagnated due to tax season and issuer fears of future legal ramifications.

Even with more federal rescue aid, which is hardly a given, the Metropolitan Transportation Authority may have to resort to deficit borrowing.

Having people who are “outside the mainstream” on the Federal Reserve’s Board of Governors won’t create “huge amounts of problems” because they won’t set the path for monetary policy alone, former New York Federal Reserve President William Dudley said.