Fiscal Policy
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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 …

EU’s budget and recovery package stalls over rule of law spat
By Sam Fleming, Mehreen Khan, and Valerie Hopkins
November 16, 2020, Financial Times
At a meeting of ambassadors, the two countries’ envoys signalled their opposition to key elements of the …

San Francisco Federal Reserve President: Fiscal support for economy is critical
Mary Daly, San Francisco Fed president, joins CNBC’s Steve Liesman to discuss the Fed’s policy for handling the economic recovery, her growth outlook and whether the news of Pfizer’s Covid-19 …
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Treasury Slashes Quarterly Borrowing Estimate to $617 Billion
By Liz McCormick
November 2, 2020, Bloomberg
The U.S. Treasury roughly halved its borrowing estimate for the final three months of the year, to $617 billion, after the fiscal stimulus …

What next for the EU’s fiscal rules?
October 31, 2020, The Economist
THE SCHLESWIG-HOLSTEIN question, a 19th-century diplomatic teaser, was said to be so complicated that of the three people who had ever understood it, one …

EU hires banks to start breakthrough joint bond programme
By Tommy Stubbington
October 19, 2020, Financial Times
The EU has hired banks to sell new 10- and 20-year bonds this week, the start of a borrowing spree that is …

Fed Official Wonders Whether Treasury Market Can Handle Massive Issuance Alone
By Michael S. Derby
October 14, 2020, The Wall Street Journal
The Federal Reserve’s point man on financial regulation said the Treasury market has grown so large that some level …

Recovery fund clears Council hurdle with majority of ministers
By Bjarke Smith-Meyer
October 6, 2020, Politico
Finance ministers backed a bill to create the EU coronavirus recovery fund despite concerns that checks on uses of the money could slow …