Washington

Low interest rates increase the chance of hitting zero lower bound rates, forcing the Federal Reserve to use nontraditional monetary policy tools, could extend recessions and hold down inflation, Federal Reserve Bank of Cleveland President Loretta Mester said Friday.

Federal Reserve Bank of Philadelphia President Patrick Harker, said Friday he thinks the Fed should reassess its targets and may want to raise rates only twice this year.

The property taxes securing Sonoma County, Calif. bonds are estimated to fall short because of the October wildfires.

Former U.S. Transportation Secretary Ray LaHood an 116 groups call for a bipartisan, multi-level governmental approach to infrastructure that includes municipal bonds.

By setting a target, central banks have been able to keep inflation low and stable, Federal Reserve Bank of St. Louis President and CEO James Bullard said Thursday.

Some municipal market participants believe Sen. Mike Crapo would be a good replacement for Sen. Orrin Hatch as chairman of the Senate Finance Committee.

Nachman Aaron Troodler's cooperation against Christopher St. Lawrence in the Ramapo, N.Y., case spared him jail time.

Tax reform strengthened Federal Reserve officials' outlook for economic growth as they expect tax cuts to boost consumer and business spending.

The Board said "filtering" bids and offers can hurt retail investors, liquidity, and market efficiency.

The firm added nationally recognized tax attorney Jeremy Spector to its Philadelphia office.