Update 343 — Changing of the HFSC Guard:New Members and Majority on Capital Markets Tomorrow, the House Financial Services Subcommittee that considers bills regulating capital markets activities will do so for the first time this Congress. Gone are the days when the Subcommittee’s majority pursued a deregulatory campaign to undo Dodd-Frank protections against abuses like …
Update 342: Sen. Companion to HR 1 Dropped, Cosponsored by Entire Democratic Caucus On Wednesday, Sens. Tom Udall and Jeff Merkley introduced S. 949, the “For the People Act,” the Senate companion bill to H.R. 1. The bill was co-sponsored by the entire Senate Democratic caucus and the two Democratic-leaning independents, Sens. Sanders and King …
Senate Introduces H.R. 1 Companion Bill (March 29) Read More »
Update 341: Trump Seeks to Put Moore on FRBRaising Independence, Qualifications Questions On Friday, President Trump nominated Stephen Moore to a 14-year term as a member of the Federal Reserve Board of Governors to fill one of two open Fed Board seats. Moore is a former Trump employee who some fear is woefully unprepared not …
Update 340: Middle Class Cash & Credit CrunchCase Studies, Problems and Policy Solutions The long-awaited, much discussed, often feared inversion of the yield curve — where long-term yields fall below short-term ones — occurred at about 1 pm ET this afternoon. As we have discussed, this is a widely recognized harbinger of recession, news that …
Update 339 • In Memoriam • Prof. Alan Krueger Labor Economist Applied Actual Facts to Policy Princeton Professor of Political Economy Alan Krueger passed away this weekend at the age of 58, leaving behind a breadth of work and critical thinking that challenged mainstream economic discipline and gave rise to a new form of applied …
Update 338 — “Activities-Based” Designation: Red Herring from FSOC Gets Hearing at SBC With April Fool’s Day coming up, one might believe a Trump Treasury proposal seeks greater regulatory focus on systemically risky financial activity, were one to read last week’s FSOC proposal (Authority To Require Supervision and Regulation of Certain Nonbank Financial Companies). But …
Red Herring from FSOC Gets Hearing at SBC (March 15) Read More »
Update 337 — Federal Paid Leave Policy: Unreformed Since America was Great Again The last major federal legislation on family and medical leave — the Family and Medical Leave Act (FMLA) — was in 1993 under President Bill Clinton. A big step forward for families and workers, FMLA nevertheless excludes from coverage over 40 percent …
Update 336: House Passes H.R. 1 by 234-193 No Ds Dissent; Long March Ahead in Senate Earlier today, the U.S. House of Representatives passed H.R. 1, a comprehensive political reform measure that would greatly expand ballot access, help level the campaign finance playing field, and codify ethics rules across all branches of government. The vote …
Update 335 — The Labor Participation Rate: After the Shouting, What Have We Learned? We tear ourselves away from the House floor debate on H.R. 1 — the anti-corruption political reform package scheduled for a vote on final passage at 11 a.m. on Friday — to provide a labor market update focused on the labor …
Update 334: Hitting Hill for Humphrey-Hawkins;Powell Cites Concerns, Holds Rates in Place This Tuesday and yesterday, Federal Reserve Chairman Jerome Powell appeared before Senate and House Committees to report, as the Fed Chair does semi-annually, on the state of the economy and monetary policy. In his July 2018 testimony, Chairman Powell painted a picture of …
Fed Chair Powell Cites Concerns, Holds Rates in Place (February 28) Read More »
