Washington

Federal formula aid and grants have been cut off for providers ranging from small rural agencies to the nation's biggest mass transit systems.

A city task force has restored nearly $40 million in unreconciled cash accounts that was driven largely by duplicate debt service entries.

Federal Reserve Chairman Jerome Powell voiced concern that the central bank’s bond purchases were distorting financial markets and pushed for an early start to reducing them back when he was a governor in 2013.

Federal Reserve Chairman Jerome Powell and New York Fed President John Williams were among policy makers who in 2013 urged against referring to a government shutdown in the central bank’s post-meeting statement.

MSRB board members and staff are slated to participate in eight events between next month and May.

Muni bonds are giving younger investors the opportunity to put their money to work in ways that they value.

The MSRB is hoping to help the market comply with the soon-to be-effective disclosure rule amendments.

Federal Reserve Vice Chairman Richard Clarida said the central bank should be ready to adjust monetary policy if headwinds to the economy from financial markets or global growth prove persistent.

Moody’s Investor’s Service said the shutdown “has had minimal impact on municipal credits,’’ but warned that “economic disruption will grow as the shutdown lingers.”

The Federal Reserve can be patient in raising rates, Federal Reserve Board Chair Jerome Powell said Thursday, and he doesn’t expect the economy to go into recession in the near term.