Washington

U.S. President Donald Trump announced his intention to nominate Richard Clarida, a respected economist and Pacific Investment Management Co. global strategic adviser, as vice chairman of the Federal Reserve.

Federal Reserve Bank of New York President William Dudley said the central bank will stay on its gradual path of raising interest rates unless inflation moves up by “an appreciable margin.”

Muni issuance will pick up next year, said George Friedlander, managing partner of Court Street Research Group.

Both sides of the e-commerce sales tax debate tee up their arguments before the high court hears the case on Tuesday.

While trade policy poses a risk to U.S. economic growth, Federal Reserve Bank of Boston President Eric Rosengren said Friday, he would support faster rate hikes if risks are avoided and the economy gets stronger.

U.S. Transportation Secretary Elaine Chao heard bipartisan criticism from lawmakers for the administration’s failure to fully fund the Highway Trust Fund and was told the White House plan for privatizing the Federal Aviation Administration won’t pass Congress.

Cities deny NAM charge that they committed securities fraud by failing to adequately address climate risk in their muni bond official statements.

Lanny Schwartz brings varied experience to a new role at the MSRB, including with the derivatives that could be poised to make a comeback because of the prohibition on advance refundings.

The revenue procedure implements a proposal in President Trump's infrastructure plan that will help facilitate public-private partnership arrangements.

The proposed dual-track rail tunnel connecting New Jersey and Manhattan is opposed by President Trump even though the White House says it is expediting approval of major infrastructure projects.