Psaki Won’t Rule Out Tax Cuts for Wealthy Despite Sanders’ SALT Demand
White House press secretary Jen Psaki refused to rule out tax cuts for people with incomes above $400,000 in Pres. Biden’s nearly $2 trillion bill.
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Fed’s Mester Open to Faster Taper to Win Space for Rate Hike
Federal Reserve Bank of Cleveland President Loretta Mester said she is “very open” to scaling back the Fed’s asset purchases at a faster pace.
Hawkish Powell Is a Force Markets Haven’t Faced in Three Years
Since the start of his tenure as Fed chair in February 2018, Powell has gone out of his way to redefine the way central bank looks at its mandates.
Powell Says Fed Policy Will Adapt Amid Risk of Persistent Inflation
Powell said, “As I mentioned yesterday, it’s appropriate that we consider at next meeting tapering faster so that it wraps up a few months earlier."
Even Trump-Aligned Lawmakers are Resisting his Advice on the Debt Ceiling
Former president told his allies to stop at nothing when it comes to using the debt limit as leverage to block the centerpiece of President Biden’s do
Former Consumer Watchdog Richard Cordray in Mix for Top Regulatory Role at Fed: Sen. Brown
Former Consumer Financial Protection Bureau Director Richard Cordray is in the running for the top regulatory position at the Federal Reserve.
Fed Chairman Jerome Powell Retires the Word 'Transitory' in Describing Inflation
“We tend to use [the word transitory] to mean that it won’t leave a permanent mark in the form of higher inflation,” Fed Jerome Powell told Congress.
