Washington

The National Association of State Treasurers wants Congress to know its top priority is preserving the muni tax exemption.

A negative Federal Reserve monetary policy rate could have helped turn the economy around faster during the Great Recession, according to a Federal Reserve Bank of San Francisco researcher.

Federal Reserve Bank of Minneapolis President Neel Kashkari said the Fed’s latest pause will help keep a “fundamentally healthy” economy on track.

A lawsuit alleging fraud accusing banks and broker-dealers of fraud in the variable-rate demand obligation market will proceed, an Illinois judge ruled.

The compromise does not include a full federal takeover of the New York City Housing Authority, which the federal agency had threatened.

Issuers say a variety of factors make it difficult to get audits in any faster.

Trade reporting and supervisory failures were behind FINRA's action against the New York-based firm.

The Center for Retirement Research said the situation is worth monitoring closely because optimistic return expectations could yield required contributions that are ultimately inadequate to meet benefit obligations.

Monetary policy is “appropriate” and in the range of the estimates of neutral, Federal Reserve Board Chair Jerome Powell said Wednesday.

The Federal Reserve said it will be “patient” on any future interest-rate moves and signaled flexibility on the path for reducing its balance sheet.