Michelle W. Bowman was sworn in Monday as a member of the Board of Governors of the Federal Reserve System, the Fed announced.
The oath of office was administered by Fed Chair Jerome H. Powell. Bowman was accompanied by her husband and her two children.
Bowman was confirmed by the Senate on Nov. 15.
In a public appearance Thursday, Federal Reserve Gov. Christopher Waller said the Founding Fathers supported independent money management and undoing it now would be a mistake.
The bankruptcy judge planned a hearing on the topic for March 19.
A district judge in Rhode Island issued a second order telling the administration to halt its grant freeze, saying his first order is not being followed.
"Markets fixate on one risk at a time, and there's no shortage right now. Volatility has spiked, liquidity is thin, and buyers are sidelined — but that's temporary," said James Pruskowski, chief investment officer at 16Rock Asset Management.
Ordinances pending before the city council would authorize up to $325 million of interim financing that would be refunded with fixed-rate, 30-year bonds.
Investors like the 10-year area of the curve because "if they're buying duration, the tax-exempt market is usually going to be one of the best places to buy," said Wesly Pate, a senior portfolio manager at Income Research + Management.
