Washington

A modernized version of the Taylor rule suggests keeping the fed funds rate target near current levels through 2021, Federal Reserve Bank of St. Louis President James Bullard said Thursday.

Federal Reserve officials stepped deeper into a debate over how high to push interest rates, with a majority appearing to favor an eventual and temporary move above the level they deem neutral for the economy in the long run.

With Democratic majority, Rep. Richard Neal of Massachusetts, a supporter of tax-exempt bond financing, would chair the Ways and Means committee.

The Georgia Supreme Court won't delay a referendum to de-annex half of Stockbridge, though the state's de-annexation law is still being challenged in court.

President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.

In her first remarks as a monetary policy maker, Federal Reserve Bank of San Francisco President Mary Daly said that she favors continued gradual interest-rate increases as the labor market overshoots full employment and inflation comes in near-goal.

In their pleading, banks said the plaintiff is "precisely the sort of 'busybody' " that is prohibited from making such claims.

The committee tasked with providing insight on the muni and corporate bond markets is meeting again in two weeks.

Janet Yellen cautioned that Donald Trump’s criticism of Federal Reserve policy threatens the institution she ran for four years, adding that it’s “not a desirable thing for a president to comment so explicitly on Fed policy.”

Agencies across the country said the case filed by a Florida utility could expose them to "unprecedented" federal oversight of public power contracts.