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...

IRS Claims Six More Computer Crashes Led to Lost Emails

By Rob Garver

According to the Internal Revenue Service six more computers belonging to the central figures in a congressional investigation coincidentally crashed, making data unrecoverable. House Republicans...
House GOP Demands Answers From Obama on Lerner Emails

By Rob Garver

House Republicans released a raft of data requests to executive branch agencies Monday, seeking email correspondence to and from former Internal Revenue Service employee Lois Lerner. The IRS last...
Did IRS Violate the Law on Lerner’s Email?

By Rob Garver

More than a few people thought that the Internal Revenue Service’s claim that a single computer crash destroyed all records of Lois Lerner’s email was fishy. A look at IRS’s compliance with the...
Market Volatility Likely with Focus on Fed and Iraq

By Patti Domm, CNBC

Market volatility is likely to pick up in the week ahead, as focus shifts to the Fed and the possibility it could start to hike interest rates a bit sooner than expected. But the unfolding situation...
The Biggest Policy Mistake of the Great Recession

By David Dayen

The popular history of the recession can’t be right, say two economics professors who have studied the data.

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