Washington

Federal Reserve Board Chairman Jerome Powell again pledged the central bank “will act as appropriate to sustain the expansion,” despite “no recent precedents to guide” policy decisions.

Two dissents on the vote to cut rates were the first of Chairman Jerome Powell's term.

“A couple” of Federal Open Market Committee members wanted a 50 basis point rate cut at its July 30-31 meeting, according to minutes released Wednesday, while “several” would have preferred no action.

The MSRB wants to work with other regulatory groups to decrease confusion surrounding suitability rules in conjunction with the SEC's new Regulation Best Interest.

The U.S. economy doesn’t appear to be headed toward a recession, Federal Reserve Bank of San Francisco President Mary Daly said.

As a result of the March 23 appellate court ruling, Fitch announced on April 11 it has put seven bond issuances on negative ratings watch.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

Every coin has two sides and that is the case with a possible September rate cut.

The revision gives local governments an extra nine months to make changes under a new rule involving the treatment of leases.

Federal Reserve Bank of Boston President Eric Rosengren continued to push back against further interest-rate cuts by the central bank.