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...

The Shadows Hanging Over Stocks This Week

By Patti Domm, CNBC

With just a few key economic reports due, markets could be buffeted more in the week ahead by expectations the Fed could move sooner to hike interest rates. Stocks and bonds both sold off Friday,...
Why These Feds Feel Like ‘Prisoners’ at Work

By Eric Katz, Government Executive

Veterans Affairs Secretary Bob McDonald at a congressional hearing Wednesday laid out a vision for the future of his department that includes far fewer VA facilities and a more “hybrid” approach to...
Why the Fed’s Patience Is About to Run Out

By Anthony Mirhaydari

It's about to be all about the Federal Reserve. Last month didn't feature a Federal Open Market Committee meeting, so investors were distracted by things such as the bailout shenanigans in Greece...
February Jobs Report Will Take the Spotlight

By Evelyn Cheng

The monthly nonfarm payrolls report takes the spotlight next week as investors continue to look for guidance on the timing of an interest rate hike. "Next week's big number will be at the end of the...
The Most Important Public Official Nobody Knows About

By David Dayen

Sen. Elizabeth Warren this week introduced the nation to Scott Alvarez, general counsel of the Federal Reserve, who wields tremendous power over Fed policy.

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