Muni Minute: Happenings on the Hill

In this new edition of Muni Minute, we turn our focus to The Hill in Washington, D.C., as there will be lots of activity that should be of interest to the municipal market. First, the Senate Banking Committee will meet to vote on a new chairman of the SEC and then the highways and transit panel of the House Transportation and Infrastructure Committee will hold a hearing to consider state and local perspectives on the implementation of the current multi-year transportation bill.

Dudley Says a Couple More Interest-Rate Hikes Seems Reasonable

Federal Reserve Bank of New York President William Dudley says the median Fed forecast for three rate hikes this year “is in a reasonable place” and that it could begin shrinking its balance sheet late this year or in 2018, possibly pausing rate increases in the process.

Survey Indicates KC’s Infrastructure Bond Measures Passing

Kansas City’s infrastructure bond proposal on the April 4 ballot appears to have sufficient voter support, according to a recent poll, although the survey question didn’t specifically mention the property tax increase needed to pay off the bonds.