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...

Yellen Shows She’s Ready to Lead the Fed

By Yuval Rosenberg

Janet Yellen testified for more than two hours Thursday at a Senate Banking Committee hearing on her nomination to succeed Ben Bernanke as chair of the Federal Reserve, but the main message from her...
CBO’s Elmendorf Downplays Need for Big Budget Deal

By Eric Pianin

Congressional Budget Office director Doug Elmendorf on Wednesday offered advice to lawmakers trying to negotiate a budget deal to avoid another government shutdown early next year: “Big steps are...
4 Questions Janet Yellen Needs to Answer

By Suzanne McGee, The Fiscal Times

Rarely has a Fed chair taken on the job at a more critical juncture for the country’s economy.
Janet Yellen to Face Anti-Fed Rhetoric

By Alister Bull, Reuters

Janet Yellen will be forced to defend the Federal Reserve's ultra-easy monetary policy when she faces senators later this week, but critics have little hope of sinking her nomination to become the...
Fed Still a Source of Anxiety If Rates Keep Rising

By Patti Domm, CNBC

Stocks ride a strong tailwind into the week ahead, but the Fed could remain a source of nervousness if interest rates continue to rise. A highlight of the week will be the testimony of Fed Vice Chair...

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