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...

Yellen Sends a Message to Trump: Hands Off Dodd-Frank

By Rob Garver

Throughout the presidential election, now-President-elect Donald Trump has, among his many promises, vowed to undo the financial service industry reforms contained in the Dodd-Frank Act. In an...
The Fed’s Rate-Hike Dilemma: Damned if It Does, Damned if It Doesn't

By Anthony Mirhaydari

For the first time since the financial crisis, the Federal Reserve's luxury of time is running out. For years, a weak jobs market, tepid demand and low inflation allowed the Fed to drag its feet on...
How Obamacare Execs Broke the Law and Cost Taxpayers Billions

By Edward Morrissey

Just how far did the Obama administration go to keep its failing signature program afloat? According to a new report from the Government Accountability Office , its Health and Human Services...
How Higher Wages Could Sink the Economy

By Anthony Mirhaydari

It's no secret that the post-crisis recovery hasn't been so great for the average American. Growth has been uneven. Job gains, while strong, have often been concentrated in areas like bars and...
Will the Fed Deliver Another September Surprise?

By Anthony Mirhaydari

Once again, the very fate of Western civilization depends on a September policy decision by the Federal Reserve. Ok, so it’s not quite that momentous, but after raising interest rates last December...

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