Washington

The Federal Reserve is not behind the curve and will not overreact to economic growth, Federal Reserve Bank of San Francisco President John Williams said Friday.

All but one of the remaining defendants in the Securities and Exchange Commission's case against Ramapo, N.Y., have agreed to settlement terms, according to court documents.

Identical bipartisan bills introduced in the House and Senate would provide a new source of funding for state revolving fund programs that would enable states to expand assistance to communities for water infrastructure projects.

Federal Reserve Chair Janet L. Yellen will join the Brookings Institution as a Distinguished Fellow in Residence with the Economic Studies program, effective Feb. 5.

The sanctions involved eight transactions of Alaska bonds issued in 2015 and FINRA found the firm had inadequate supervisory procedures.

There was no consensus on prospects for a federal infrastructure plan at Wednesday's Bond Buyer event.

While President Trump gets praise for pushing for $1.5 trillion of new infrastructure investment, leaked draft plans for a bill have already raised questions and sparked controversy.

Historically, the vast majority of state and local government series securities were purchased for advanced refunding escrows until tax-exempt advance refundings were banned after 2017.

Federal Reserve officials, meeting for the last time under Chair Janet Yellen, left borrowing costs unchanged.

Municipal bond volume evaporated in January, as the market felt the aftereffect of federal tax legislation that pulled issuance forward into 2017.