Washington

Fed researchers look at Japan's experience with YCC.

Federal Reserve Vice Chairman Richard Clarida said the U.S. central bank is prepared to take additional steps to support the economy through the damage caused by the coronavirus.

The House's Invest In America Act is part of a larger infrastructure package that includes sought-after bond provisions.

Besides navigating coronavirus market disruption, investors also find themselves dealing with the increasingly important and often inconsistent climate risk disclosure.

The Senate minority leader told advocates to lean on 21 key Republicans. "Everyone has friends and family in other states," he said.

The Move America Forward Act would permanently reinstate Build America Bonds, advance refundings and expand the issuance of private activity bonds.

In an essay published on the Atlanta Fed website, Raphael Bostic called on the central bank to do more for the disadvantaged.

Social distancing has some issuer officials questioning how much government infrastructure they need.

Federal Reserve Chair Jerome Powell told Congress the Fed will "keep its foot" on the gas pedal until the pandemic ends.

Jerome Powell agreed with senators who said the slow pace of economic growth following the Great Recession was partly due to spending cuts made by state and local governments.