Washington

Federal Reserve officials are pushing for a potentially radical revamp of the playbook for guiding U.S. monetary policy, hoping to seize a moment of economic calm and leadership change to prepare for the next storm.

Changing demographics will be a challenge for policymakers, who will have to constantly evaluate and adapt, Federal Reserve Bank of Cleveland President Loretta Mester said Thursday.

U.S. Sen. Elizabeth Warren and Rep. Nydia Velázquez called for the Oversight Board to eliminate all of Puerto Rico’s public sector debt.

It may take 60 votes in the Senate to decide if the tax bill is subject to the PAYGO Act.

Gradually raising interest rates remains appropriate, including a 25 basis point increase in December, Federal Reserve Bank of Boston President Eric Rosengren said.

Smaller not-for-profit hospitals and systems lack the access to taxable debt markets enjoyed by bigger systems.

Without tax-exempt private activity bonds, charters would have to turn to more expensive and restrictive capital sources.

The Federal Reserve should take a more aggressive stance toward boosting inflation and stop talking so much about using interest rates to ensure financial stability, Chicago Fed President Charles Evans said.

Repeal of the health mandate would increase healthcare costs for state and local governments.

If Congress passes the pending tax bills, BABs and more than $85B of mandatory federal programs would be jeopardized.