Washington

Judy Shelton backs a half percentage-point rate cut and would have pushed the Fed to move sooner.

While Federal Reserve officials made it clear they intend to cut interest rates at their July 30-31 meeting, not all of the regional presidents are on board with this move.

The report came in advance of a three-day MSRB board meeting on options to enhance transparency and educate investors.

With a rate cut all but certain at this month’s Federal Open Market Committee meeting, the discussion has again turned to the magnitude.

With the neutral rate of interest rate extremely low, New York Fed President John Williams suggested the keys are acting quickly and keeping rates lower longer.

The change would give airports more flexibility and local control to finance major construction projects with bonds.

The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.

The economy was chugging along at about the same pace from mid-May through early July as it had in the previous period, according to the Federal Reserve’s Beige Book.

This latest IRS action is one of a series of bond audits involving various government agencies in Puerto Rico.

Registered advisory firm Dale Scott & Co. will pay $25,000, and one firm and one individual each will pay $10,000 for acting as unregistered solicitors.