Republican lawmakers finalize legislation that would give Congress power over New York Fed and form commission to reform entire Federal Reserve system.

Fed's Rosengren says economy hasn't met conditions to support an increase in interest rates just yet.

Fed's Rosengren says economy hasn't met conditions to support an increase in interest rates just yet.

FOMC drops pledge to hold interest rates near zero for 'a considerable time,' but announced it will be 'patient' in planning to increase rates.

FOMC drops pledge to hold interest rates near zero for 'a considerable time,' but announced it will be 'patient' in planning to increase rates.

Citing labor market improvements, FOMC completes wind-down of stimulus and contemplates when to raise interest rates.

Citing labor market improvements, FOMC completes wind-down of stimulus and contemplates when to raise interest rates.

As funds face the coming of the floating NAV, investments in debt that matures within 60 days look more attractive.