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...

With a $4.5 Trillion Balance Sheet, What’s Next for the Fed?

By Mark Thoma

Last week, the Federal Reserve announced an end to its quantitative easing program. This brings up the obvious question, what is next for the Fed? Before getting to that, here are a few notes on...
Is the Fed Wrong Again on Interest Rate Hikes and Inflation?

By Anthony Mirhaydari

Even before the Federal Reserve officially ended its QE3 bond-purchase program, investor attention shifted to the timing and pace of the Fed's eventual short-term interest rate hikes. The Fed's...
What Voters Need to Know About This Week’s Economy Numbers

By Sam Ro, Business Insider

The Federal Reserve finally put an end to its quantitative easing program on Wednesday in a move that had been widely anticipated for a very long time. Meanwhile, the stock market roared back to...
Alan Greenspan, Former Fed Chair, Goes for the Gold

By Rob Garver

As the Federal Open Market Committee prepared to announce the end of the asset purchases associated with the central bank’s Quantitative Easing program, former Federal Reserve Board Chairman Alan...
Why Earnings Are More Important Than the Fed

By Patti Domm, CNBC

The Federal Reserve in the coming week is expected to end its quantitative easing program—the much-anticipated action that's been at the very heart of the market's fears. After a two-day meeting, the...

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