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...

Greece and Puerto Rico May Force 2016 Candidates to Talk About U.S. Debt

By Eric Pianin

President Obama said at a news conference on Tuesday that the Greek debt crisis that is rattling the markets is primarily a concern for Europeans and is “not something that should prompt...
Treasury IG Finds IRS Destroyed More Lerner Emails

By Rob Garver

A pair of Treasury Department investigators on Thursday morning told members of the House Oversight and Investigations Committee that 422 backup tapes that might have contained emails relevant to the...
Bernanke’s Right: Don’t Bump Alexander Hamilton from the $10 Bill

By Josh Herr

Treasury Secretary Jack Lew announced last week that the redesigned $10 bill set to be unveiled in 2020 would feature the portrait of a notable woman, marking the first time in more than a century...
September? December? Connecting the Fed’s Interest Rate Dots

By Yuval Rosenberg

The Federal Reserve’s policymakers left interest rates unchanged on Wednesday, as widely expected. In the process, they left most economists and market watchers singing the same song: “See You in...
Will the Fed Set Off a June Swoon?

By Anthony Mirhaydari

By falling below the 18,000 and the 2,100 levels respectively on Friday, both the Dow Jones Industrial Average and the S&P 500 sank under thresholds that were first touched back in December. More...

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