Fiscal Policy
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Yellen and Powell Wary of Financial Froth While They Push Stimulus
By Rich Miller
February 22, 2021, Bloomberg
US Treasury Secretary Janet Yellen and Federal Reserve Chair Jerome Powell appear wary of signs of froth in financial markets, even as they …
Public Debt: How Much Is Too Much? | The Economist
The COVID-19 pandemic is set to increase public debt to levels last seen after the second world war. But is rising public debt a cause for concern? New economic thinking …
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GDP Will Go Up, but Inflation Appears to Be a ‘Dark Cloud’: Morgan Stanley’s Jim Lacamp
Jim Lacamp, Morgan Stanley Wealth Management SVP, joins ‘Closing Bell’ to talk about GDP. He also discusses the impact of regulation on tech, energy and the banking sector.…
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Mohamed El-Erian: Rising Treasury Yields Are Flashing a Warning Sign
The 10-year U.S. Treasury yield remained higher than the 1.1% mark on Monday morning, after President-elect Joe Biden on Friday promised further economic stimulus that would be “in the trillions …
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How Top Wall Street Economists Gauge the $900 Billion COVID-19 Relief Bill
CNBC’s Steve Liesman reports on how some economists have changed their perspective after President Trumped signed a Coronavirus relief bill.…
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Summers: Seeing a Paradigm Shift in Fiscal Policy
Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor and adviser to Pres.-elect Joe Biden’s campaign, says there could be a paradigm shift in fiscal policy, which …
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Powell Says No Rift With Mnuchin, Signals Fed Not Stepping Back
By Steve Matthews and Saleha Mohsin
December 2, 2020, Bloomberg
Federal Reserve Chair Jerome Powell indicated Wednesday that there was no rift between the central bank and Treasury Secretary Steven …
NY Fed’s Logan says Fed emergency lending programs could be revived if needed
By Jonnelle Marte
December 1, 2020, Reuters
The emergency lending programs the Federal Reserve set up during the pandemic served as helpful backstops and could be revived quickly if needed …
Biden Picks Janet Yellen for Treasury Secretary
By Nick Timiraos, Kate Davidson, and Ken Thomas
November 23, 2020, The Wall Street Journal
President-elect Joe Biden plans to nominate former Federal Reserve Chairwoman Janet Yellen, an economist at …
US Treasury refuses to extend some of Fed’s crisis-fighting tools
By James Politi and Colby Smith
November 19, 2020, Financial Times
The US Treasury has decided not to extend several emergency lending facilities set up by the Federal Reserve at …
