On Wednesday, the regulator has proposed allowing municipalities to explicitly raise bonds for refinancing existing debt, while mandating detailed disclosures on lenders, repayment schedules, interest costs and any past restructuring. It has also suggested capping the use of issue proceeds towards working capital requirements at 25% and said issue proceeds should not be used for general purposes.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend
October 1, 2026