Federal Reserve
Latest
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Janet Yellen and Jared Bernstein: The Senate Is on Vacation While Americans Starve
Janet Yellen is a Distinguished Fellow in Residence with the Economic Studies Program at the Brookings Institution, a former Chair of the Federal...
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Is the Fed Buying Our New Debt?
So far, the legislative response to the COVID-19 pandemic has injected around $1.5 trillion of fiscal support into the economy. In combination with...
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Eugene Steuerle: Multi-Trillion Dollar Fiscal and Monetary Gambles
Dr. Eugene (Gene) Steuerle is an Institute fellow and the Richard B. Fisher chair at the Urban Institute and a member of the Committee for a...
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Even With Lower Interest Rates, Debt Remains Unsustainable
With the Federal Reserve today announcing a 0.25 percentage point decrease in the federal funds rate, it appears interest rates will remain lower than...
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Was the Federal Reserve’s Monetary Tightening Unprecedented?
In a Wall Street Journal op-ed, House Ways and Means Committee Ranking Member Kevin Brady (R-TX) and former National Economic Council director Larry...
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Rising Rates Could Further Balloon Interest Spending
Note (5/15/2018): This blog was published before CBO's April 2018 baseline, which provides official estimates of the amount of interest that will be...
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The Fed's Effect on Deficits and Debt
As monetary policy watchers descend upon Jackson Hole, Wyoming, for the Federal Reserve Bank of Kansas City’s annual economic policy symposium, we...
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How a Fed Rate Increase Could Affect the Budget
Today, the Federal Open Market Committee, the Fed's interest rate setting and deliberative body that meets eight times a year, could announce that...
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The Federal Reserve Budget Gimmick In The House Transportation Bill
The transportation bill that the House passed last week contains a budget gimmick worth almost $60 billion (Wall Street Journal Paywall). The...
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Yellen: High Debt Could Undermine Flexibility
Federal Reserve Chair Janet Yellen delivered testimony on the Semiannual Monetary Policy report to the Senate Banking Committee on Tuesday. Not...
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Fed and Treasury 'rowing in opposite directions'
The Federal Reserve's efforts to help the economy recover through quantitative easing (QE), twisting, and tapering have made front page news without...
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The FOMC Tapers, But That's Not All!
In a move that has been discussed and anticipated for months, the Federal Reserve's Federal Open Market Committee announced that it would slightly...