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...

Fed’s Bullard: Not Time Yet for QE3

By PEDRO DA COSTA and JONATHAN SPICER, Reuters

St. Louis Federal Reserve Bank President James Bullard told CNBC television that now was a "natural time" for the U.S. central bank to pause and await more data given the economy and labor market are...
$6 Trillion of Fake U.S. Bonds Seized in Italy

By Reuters

Italian police said on Friday they had seized about $6 trillion of fake U.S. Treasury bonds in Switzerland, and issued arrest warrants for eight people accused of international fraud and other...
Producer Prices: Biggest Rise in 6 Months

By Reuters

Producer prices outside food and energy recorded their largest increase in six months in January, but are unlikely to ignite inflation pressures given the slack in the labor market.
Survey Points to 2014 Fed Rate Hike

By Lucia Mutikani, Reuters

There is a good chance the Federal Reserve will raise interest rates before the end of 2014, according to a Reuters poll which also showed a significant minority of economists still expect a further...
Will the US Trade Deficit Spark a Currency War?

By Merrill Goozner, The Fiscal Times

If rising exports are going to lead the economy into a new era of prosperity as President Obama hopes, there isn’t much to cheer about. Last year’s trade numbers, which the Commerce Department...

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