Federal Reserve Chair Janet L. Yellen will join the Brookings Institution as a Distinguished Fellow in Residence with the Economic Studies program, effective Feb. 5.
Yellen will be affiliated with the Hutchins Center on Fiscal and Monetary Policy at Brookings, joining a team of several other leading economists, including former Federal Reserve Chair Ben Bernanke, who joined Brookings as a Distinguished Fellow in Residence in 2014.
The March/April period is typically a softer period for the muni market, said Jeff Timlin, managing partner and head of municipal bond investing at Sage Advisory.
The Internal Revenue Service is proposing rule changes regarding the complex relationship between tax-exempt bonds, arbitrage and State and Local Government Series Securities.
The Texas city's bond issue will mostly refinance short-term commercial paper into long-term debt and refund some callable Series 2015 bonds.
The rating agency cited weak demand for the facilities.
Chicago postponed the sale of about $292 million of tax-exempt bonds from an $800 million general obligation bond deal.
FEMA must speed its very slow disbursement of aid, many observers say.
