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...

Dems Accuse Boehner of Sabotaging the Senate Deal

By Eric Pianin

Democrats on Tuesday unleashed unusually savage attacks on House Speaker John Boehner (R-OH) for what they termed his “sabotage” of a bipartisan Senate deal to end the government shutdown and avert a...
The House GOP Just Derailed a Shutdown Deal

By Eric Pianin and Josh Boak

With the Senate almost on the verge of a bipartisan deal to end the government shutdown and avert a default, House Speaker John Boehner (R-OH) decided once again to player the spoiler. In a troubling...
Senate Close to a Debt Deal that Stops the Bleeding

By Josh Boak, The Fiscal Times

Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell finally appear to be getting their act together, but the budget and debt ceiling drama is far from over. On Monday, the two...
The Ultimate DC Insider’s 3 Big Tips For a Debt Deal

By Josh Boak, The Fiscal Times

Few Washington insiders have ever had the depth and breadth of experience as Leon Panetta, who on Monday shared his thoughts for getting out of the current budget and the debt ceiling morass ...
Dysfunctional Debt Crisis Rings Alarm Bells Abroad

By David Francis

Panic began to set in around the world on Monday, as talks between Republicans and Democrats aimed at raising the U.S. debt ceiling broke down over the weekend. The fiscal standoff in Washington...

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