Washington

Federal Reserve Board Chair Janet Yellen said Wednesday that although the timing of balance sheet normalization beginning “doesn’t matter a great deal,” she would like to see it start “relatively soon.”

A House panel’s 2018 spending plan provides full FAST Act funding

It’s “premature” to decide inflation won’t go back to 2% in the coming years, and the Federal Reserve will alter its course if the inflation undershoot is “persistent,” Federal Reserve Board Chair Janet Yellen said Wednesday.

Federal Reserve Chair Janet Yellen said the U.S. economy should continue to expand over the next few years, allowing the central bank to keep raising interest rates, while also stressing the Fed is monitoring too-low inflation.

Mayor warns elimination of the SALT deduction will lead to double taxation.

The threat of a junk bond label took center stage when Illinois lawmakers passed a budget.

Maryland lawmakers say abrupt cancellation of proposed FBI HQ swap puts national security at risk.

A House panel’s 2018 spending bill includes up to $900 million for the Gateway Project in New York.

Calling the “normalization of the federal funds rate … well under way,” Federal Reserve Board Governor Lael Brainard said it is almost time for balance sheet run off.

President Trump will nominate Randal Quarles as the Federal Reserve's vice chairman of supervision, the top bank regulatory post at the central bank, according to an announcement by the White House late Monday.