Washington

GFOA's Emily Brock discusses whether tax reform was a game changer for municipal bonds.

The Federal Reserve will continue to raise interest rates at a gradual pace in order to extend the economic recovery while keeping inflation in check, Chairman Jerome Powell said.

President Trump won’t get Federal Reserve policymakers to call off their credit tightening campaign, former Fed Vice Chairman Stanley Fischer said.

Included in the FAA reauthorization package is $1.68 billion in supplemental disaster funding that would help cover the cost of recovery and rebuilding from Hurricane Florence last month.

Changes in tax rates made mutual funds, not banks, the main driver of demand on the long end. The change has had the effect of pushing yields on long-term munis higher.

The Bond Dealers of America has formed a Fixed Income Market Structure Working Group to advise regulators, lawmakers and market participants on structural changes in the fixed income industry and marketplace.

Federal Reserve Bank of Philadelphia President Patrick Harker wants the central bank to take its time in hiking to avoid inverting the yield curve.

Chicago Fed President Charles Evans says he’s “quite comfortable” with the prospect of another interest-rate hike in December.

Another wave of states is expected to begin implementation Jan. 1, according to the National Conference of State Legislatures.

The Libor changeover isn't officially due for three years, but the change could have big ramifications for munis and is already underway.