Washington

Federal Reserve Bank of Dallas President Rob Kaplan said Tuesday he expects gradual rate hikes will remain appropriate.

Elimination of SALT would raise $1.3 trillion over 10 years to finance personal and corporate tax rate reductions.

Stanford University economist John Taylor, a candidate for Federal Reserve chairman, made a favorable impression on President Donald Trump, several people familiar with the matter said.

Ameriprise Financial Services, Cabrera Capital Markets, R. Seelaus & Co., Performance Trust Capital Partners, and Murray Sinclaire of Ross Sinclaire & Associates signed settlement agreements.

The money could be drawn from an $18.7 billion allocation for the Federal Emergency Management Agency’s Disaster Relief Fund.

Federal Reserve Chair Janet Yellen said the U.S. central bank expects to continue to raise interest rates gradually.

The Federal Reserve policy maker said he isn’t worried John Taylor, if nominated to lead the central bank, would be too severe in seeking to impose his views on policy.

Emergency supplemental spending bills for natural disasters often are treated outside the normal budget.

John Taylor, a candidate to succeed Janet Yellen at the helm of the Federal Reserve, said his advocacy for rules-based monetary policy isn’t an argument for overly constraining central bankers in setting interest rates.

Federal allegations of basketball recruiting violations could lead to sanctions that reduce revenues for the Louisville Arena Authority's bonds.