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...

There’s a Shortage of Cops on Wall Street — and New Trouble Brewing

By David Dayen

Elizabeth Warren likes to refer to financial regulators as “cops on the beat.” If that’s the case, we’re having a cop shortage. Numerous high-level positions at multiple federal agencies overseeing...
5 Reasons the Fed May Not Raise Rates in September

By Millie Dent

Federal Reserve Bank, inflation, economy, China, Planned Parenthood, government shutdown, August Employment Report, Labor Department, Empire State Manufacturing Survey, interest rates
Bernanke Says Forced Defense Cuts Are Bad Economics

By Rob Garver

When Congress returns next month, one of the pressing issues it will face is how to deal with the looming sequester — the automatic cuts to defense and non-defense spending put in place as part of...
Bill Clinton Still Can’t Fess Up to One of His Biggest Blunders

By David Dayen

Bill Clinton restarted a longtime debate this week about the role of one of his signature policies. Speaking to Inc. magazine , Clinton defended the 1999 Gramm-Leach-Bliley Act, which eliminated the...
As China Rattles Stocks, the Fed May Delay Rate Hike

By Jeff Cox, CNBC

In the course of just a couple of days, things have gotten a lot more complicated for the Federal Reserve. Late last week, when the July jobs numbers came in right around market expectations,...

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