Updates | The Week of June 12, 2017
Derek Reinbold // 6/18/17 //
The Federal Reserve raised the benchmark interest rate (Vox).
Stressing the Fed’s independent role, Kevin Granville compares President Trump’s conflicts with Fed chairwoman Janet Yellen to Lyndon Johnson’s conflicts with his Fed chief (NYT).
At WaPo, Tory Newmyer analyzes the Treasury Department’s report recommending rollbacks of post-crisis Dodd-Frank regulations.
- David Dayen views this report as a sign that the Treasury Department can be effective at regressing or blocking Wall Street reform (The Intercept).
Treasury Secretary Steven Mnuchin walked back a statement he made last year that the president's tax plan would offer no absolute tax cuts to the wealthy(Bloomberg Politics).
Legislation is moving through Congress that would jettison the Dodd-Frank Act’s SEC whistleblower provision (POGO).