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...

Lawsuit Claims JPMorgan Deal with DOJ Was Illegal

By Rob Garver

A lawsuit filed in Washington Monday challenging the legality of last year’s $13 billion settlement between the Justice Department and JPMorgan Chase sounds compelling, but faces hurdles.
Bernanke Bolts for Brookings to Write a Book

By Eric Pianin

Former Fed Chairman Ben Bernanke’s move this week to the Brookings Institution was a major public relations coup for the venerable think tank and overnight transformed it to the premier center for...
Debt Ceiling Drama: Will You Get Your Tax Refund on Time?

By Rob Garver

The Treasury Department isn’t obligated to pay out tax refunds until 45 days after the filing deadline – and Secretary Jack Lew may have an obligation to hang on to that money.
Jobs Report Will Be Key Metric for Market and Fed

By Patti Domm, CNBC

Stocks could see more volatility in the coming week, as traders await Friday's jobs report and watch emerging markets to see if the selloff can be contained. After taking a bruising in January,...
How to Cope with Fears of Emerging Market Contagion

By Suzanne McGee, The Fiscal Times

Emerging market stocks fell 6.6 percent in January, their worst start to a year since 2009. Equity funds investing in those countries just suffered their worst weekly outflows since August 2011...

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