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...

Obama and Boehner Star in “War of the Words"

By Josh Boak, The Fiscal Times

The government could teeter into default after Oct. 17, but President Obama and House Speaker John Boehner did little to settle their budgetary grudge match on Tuesday. Instead, both men played the...
Why the Reviled Tea Party Was Right about Obamacare

By Liz Peek

Before we march the Tea Party off to the Guillotine, let’s remember what fired up that unruly crew to begin with. In the midst of the economic crisis, the government went on a spending spree,...
Yellen Will Get Obama's Nod As Fed Chair

By Zachary A Goldfarb, The Washington Post

President Obama on Wednesday will nominate Federal Reserve vice chairman Janet Yellen to lead the U.S. central bank, officials said, selecting a renowned economist with a focus on combating...
Meet the New $100 Bill

By Brianna Ehley, The Fiscal Times

It’s all about the Benjamins today. For the first time in over a decade, the Federal Reserve began dispersing 3.5 billion new and improved $100 bills to banks across the country.
GOP Wants to Talk, but Will We Get Any Action?

By Josh Boak, The Fiscal Times

House Speaker John Boehner said all he wants is a “conversation” about the budget and the debt ceiling, before the week-old government shutdown is joined by what could be a recession-inducing default...

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