Washington

Federal Reserve Vice Chair Richard Clarida said the Fed needs to rely on data since rates are now in the “vicinity” of neutral.

Christian Sobrino Vega, the commonwealth’s representative to the Puerto Rico Financial Oversight and Management Board, made clear in an interview with The Bond Buyer that the commonwealth has not and will not intermingle federal disaster aid with debt payments to the island’s bondholders.

The Senate's approval of the Kansas banking commissioner leaves the board with two remaining seats to fill as the administration's nominees for the vacancies await votes.

A federal court imposed an unusually stiff financial penalty and a lifetime ban against the already-jailed Christopher St. Lawrence.

The Federal Reserve announced it will review monetary policy strategies, tools, and communication practices next year.

Monetary policy is near a neutral level, one that neither stimulates nor restricts economic growth, according to Federal Reserve Bank of Atlanta President Raphael Bostic, who noted that caution should be used going forward.

Federal Reserve Chairman Jerome Powell said the U.S. economy is strong but could face headwinds next year.

The NASBO report released Thursday showed some bright spots for state ledgers.

Distinguishing abusive `pennying' from less insidious behavior is key, dealers told the MSRB.

“Asset recycling can help fix America’s serious infrastructure problems: aging, deteriorating facilities and a lack of funding for a large array of new infrastructure that would improve our quality of life," the study's author said.