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...

Investors Worry That Stock Rally Is Weakening

By Reuters

The stock market's break in its recent rally this past week left investors wondering if they're seeing a turning point or just a blip in the upward path. The upcoming week could make it harder to...
Bernanke to Congress: I’m Not the Problem. You Are.

By Yuval Rosenberg

Lawmakers grilled the Fed chairman on the risks of quantitative easing and exiting the bond-buying program. But Bernanke, though, had a message of his own to deliver again, and he put it as bluntly...
Has Fed Bond Buying Helped Everyday Americans?

By Reuters

While the Federal Reserve's accommodative policies have boosted stocks and helped the rich, it's unclear whether they're doing enough for the broader U.S. economy, a top central bank official said...
Bernanke Big on Innovation's Boost to America

By Reuters

Federal Reserve Chairman Ben Bernanke painted an upbeat picture on Saturday for the potential of innovation to lift living standards as he delivered the commencement address at Bard College. The Fed...
Wall Street's May Rally Just Keeps on Tickin'

By Angela Moon, Reuters

With the broad S&P 500 index gliding once again into uncharted territory and posting four straight weeks of gains, the talk of Wall Street's rally inevitably hitting a ceiling is starting to get...

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