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...

Gaming the System: How to Make a Mint Off the Government

By Dan Kadlec, CNBC

Few things are ever clear in Washington. But politicians generally hope to keep their jobs, which leads them to behave a little better during an election year—and 2014 shapes up as big for both...
Congressional Odd Couple Finally Strikes a Budget Deal

By Eric Pianin

House Budget Committee Chairman Paul Ryan (R-WI) and Senate Budget Committee Chairwoman Patty Murray (D-WA) announced a two-year budget deal Tuesday evening that will cancel automatic across the...
Deficit Reduction: Far Less Than Meets the Eye

By Tom Blumer, The Fiscal Times

Congressional budget talks may be winding their way to a narrow agreement on 2014 spending levels, but before the results of those negotiations are announced, there are a couple of reasons to reopen...
Auto Industry Bailout an Impressive Success: Report

By BEN KLAYMAN, Reuters

The federal bailout of General Motors Co (NYSE: GM), Chrysler and parts suppliers in 2009 saved 1.5 million U.S. jobs and preserved $105.3 billion in personal and social insurance tax collections,...
Bullard Joins the ‘Trim the Taper’ Crowd at the Fed

By ANN SAPHIR, Reuters

A top Federal Reserve official who is sometimes seen as a bellwether for U.S. monetary policy on Monday offered his voice to a growing contingent at the central bank that has argued for reducing the...

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