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...

Big Banks Push Back Against Fed Studies

By Rob Garver

Organizations representing large, complex banks pushed back hard on ednesday against a series of papers from the Federal Reserve Bank of New York suggesting that they have unfair advantages and pose...
Investors Renew Their Focus on U.S., Global Economy

By Kate Gibson, CNBC

With the Federal Reserve 's latest policy-setting meeting in the rearview mirror, the coming week should have Wall Street switching its focus to the U.S. and global economy, starting on Monday with a...
Janet Yellen’s Rite of Passage

By Rob Garver

For a Federal Reserve Board chair, there are many rites of passage. There’s the first rude question from a lawmaker during a confirmation hearing. There’s the first Federal Open Market Committee...
Here’s What Janet Yellen Really Said About Rate Hikes

By Yuval Rosenberg and Rob Garver

Janet Yellen just moved the goalposts. Where to isn’t quite clear. As expected, Yellen and the rest of the Federal Open Market Committee laid out new guidance for when the central bank’s policymakers...
When Yellen Meets the Press, Markets Could Tremble

By Rob Garver

All eyes will be on Federal Reserve Board Chair Janet Yellen this week, as the central bank seeks to manage the financial markets’ expectations about future interest rate moves.

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