Washington

Federal Reserve Chairman Jerome Powell said a healthy U.S. economy has faced some “crosscurrents and conflicting signals” that officials in January decided warranted taking a patient approach to future interest-rate changes.

Manufacturing growth in the central Atlantic region “strengthened in February,” according to the monthly business activity survey conducted by the Federal Reserve Bank of Richmond, as the manufacturing index climbed to positive 16 from negative 2.

Federal Reserve Vice Chairman Richard Clarida said that when rates on shorter-dated bonds move above rates on longer-dated bonds, it can be a signal that an economic slowdown is coming.

The audit includes $121.5 million in Series 2011 T direct-pay qualified zone academy bonds and four Series 2011 R taxable of school construction bonds that totaled $ 756.4 million.

Michael Decker has been managing director and co-head of municipal securities at SIFMA since October 2009.

Note issuance declined in 2018 as a result of tax reform, rate fears, and ongoing fiscal austerity sparked by state and local revenue growth.

The SLGS window could be closed for weeks or even months, a bad result for issuers who need access to them.

Facing a long-term environment of low interest rates and low inflation, Federal Reserve Vice Chairman Richard Clarida said it’s a good time for the U.S. central bank to undertake a review of how it goes about pursuing its twin goals of maximum employment and price stability.

The Federal Reserve reiterated a patient stance on future interest-rate changes in a robust domestic economy facing potential headwinds including slower global growth and market volatility.

Federal Reserve Bank of New York President John Williams voiced concerns that inflation expectations may have slipped downward after years in which price rises have failed to reach the central bank’s 2% target.