Washington

President Donald Trump is leaning toward appointing Federal Reserve Governor Jerome Powell to be the next chairman of the Fed, according to three people familiar with the matter.

The markets have a good idea where rates will be at yearend, but who will head the Federal Reserve remains an open question, raising many concerns about the central bank’s future direction.

New York and New Jersey House Republicans failed to attract sufficient allies Thursday in an attempt to preserve the SALT deduction.

Market participants think the SEC will narrow its proposal to add event notices under Rule 15c2-12.

Tax bill-writers may include keeping the deduction for property taxes.

President Donald Trump does not intend to appoint National Economic Council Director Gary Cohn to lead the Federal Reserve, three people familiar with the matter said.

Budget Director Mick Mulvaney said disaster aid won't be used to bail out Puerto Rico’s bondholders.

Janet Yellen’s only advocate in the White House may be the one person who matters most: President Donald Trump.

Uncertainly remains over whether any changes will have a lasting impact, according to Jessica Giroux.

SEC nominees Hester Peirce and Robert Jackson fielded questions from Senators on Tuesday.