The Fed and Treasury

Will Trump Try to ‘Overrule’ Monetary Policy?

By Mark Thoma

How will the Federal Reserve evolve during Donald Trump’s term as president? Presently, three of the seven positions on the Federal Reserve Board are vacant. These vacancies, along with the...
Why the Treasury Is Ending a Low-Income Retirement Saving Program

By Beth Braverman

Less than two years after the Obama administration rolled out a myRA, a savings program aimed at helping the millions of Americans without access to a retirement account through work, the Trump...
Will Janet Yellen Give Wall Street a Scare?

By Anthony Mirhaydari

For years, the Federal Reserve has been unable to convince the market it's serious about aggressively tightening policy. Janet Yellen and her cohorts have been guilty of "crying wolf," constantly...
Is the Fed About to Wage War on the Rich?

By Anthony Mirhaydari

For years, stocks have been driven relentlessly higher thanks to a single statement that summarized the aggressive central bank largesse since the eurozone crisis flared up in 2012: Policymakers...
Is the Fed Fighting the Trump Rally?

By Anthony Mirhaydari

The evidence is growing that the Federal Reserve’s policymakers are actively working to lean against the stock market's rise, a dramatic reversal from the years of policy support stock market bulls...

The Fed’s Big Mistake: Rate Hikes Hurt US Workers

By David Dayen

Protesters rallied in Washington, New York City and Philadelphia yesterday against an imminent government action that would damage the financial prospects of ordinary workers. And no, it had nothing...
The Fed, the Reality of Tax Cuts, and Donald Trump

By Mark Thoma

For many years, Republicans argued that tax cuts for the wealthy pay for themselves. Cutting taxes on the wealthy, according to Republicans, allows them to keep a larger share of anything new they...
Will Unwinding the Fed’s $4.5 Trillion Balance Sheet Kill the Bull Market?

By Anthony Mirhaydari

Over the last decade, investors have grown accustomed to a Federal Reserve that constantly coddled them, allayed their fears and did everything possible to support the financial markets and asset...
The Key to This Market: Here’s What Will Determine if Stocks Rise or Fall

By Anthony Mirhaydari

For now, instead of putting pressure on risk assets, the Fed's newfound hawkishness is bolstering the reflation trade by lifting the dollar higher and attracting global capital into U.S. assets. Same...
Can Wall Street Handle Higher Interest Rates?

By Anthony Mirhaydari

The Federal Reserve just raised interest rates for the second time in three months, signaling a dramatic quickening of its prior pace. For the first time in more than a decade, Fed policymakers are...

10 Ways the Fed’s Looming Rate Hike Touches You

By Janna Herron

Expectations that the Federal Reserve will hike interest rates in December have only grown since October’s strong jobs report last week. CME Group’s FedWatch Tool puts the possibility at nearly 70...
Hillary Clinton May Be the Biggest Winner from the Blowout October Jobs Report

By Rob Garver

Despite a plethora of polling about candidates’ favorability ratings, trustworthiness and how much people would like to have a beer with them, there is a strong belief among many election forecasters...
Trump’s Case Against the Fed Is Not Completely Crazy

By Liz Peek

Here’s the thing about Donald Trump: even his most outlandish utterances contain a kernel of truth. When he accuses China of stealing jobs or tags Jeb Bush as being “low energy,” the charges resonate...
How the Fed Keeps Sowing Uncertainty and Confusion

By Anthony Mirhaydari

Suddenly, the unthinkable has become likely: For the first time, the futures market is putting the odds of a Federal Reserve interest rate hike in December at 50 percent. It's even money that the...
A Cautious Fed Sets Stage for Epic 'Santa Claus' Rally

By Anthony Mirhaydari

The rebound is no surprise, given soft September payroll data and continued vulnerability in China — there is simply less and less justification for the Federal Reserve to raise rates this year.

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