Washington

With upside and downside risks balanced, Federal Reserve Bank of Kansas City President Esther George said Thursday, gradual rate hikes remain appropriate.

The three states are in the bottom of a ranking of state fiscal conditions by the Mercatus Center at George Mason University.

The Tennesee capital will issue $775 million of general obligation improvement bonds.

President Donald Trump said the Federal Reserve is moving too fast with interest-rate increases and dismissed concerns about inflation.

U.S. interest-rate increases will help reduce risk-taking in financial markets, Federal Reserve Bank of New York President John Williams said.

Thursday is the deadline for sending comments to the IRS on its proposal to prevent taxpayers from avoiding the $10,000 federal cap on state and local tax deductions that Congress enacted last December.

The better-than-expected growth rates in the U.S. economy are set to dissipate unless productivity picks up, Federal Reserve Bank of St. Louis President James Bullard said.

The whistleblower responsible for federal investigations and lawsuits accusing banks and broker-dealers of fraud and collusion in the remarketing of variable rate demand obligations will likely be forced to go public because of a recent ruling by Massachusetts’ highest court.

Common Good estimates the delays are adding $1.7 billion annually in lost opportunity costs and additional construction costs to the larger Gateway Development project, which includes a new Portal North Bridge in New Jersey.

The Federal Reserve should continue to move to a neutral policy rate, Federal Reserve Bank of Atlanta President Raphael Bostic said, but said he may have underestimated demand.