Of course, Saturday’s debate between the Democratic candidates was initially dominated by foreign policy in the wake of the horrific attacks in Paris. But when they turned to the economy, there were interesting substantive differences at a level of specificity you don’t often hear in these debates. I add my own few sense [sic] in… Read more
[This post was written jointly with Lily Batchelder.] In objecting to our op-ed on the importance of ensuring that financial advisors place their clients’ best interest ahead of their personal profits, Dirk Kempthorne, the President and CEO of the American Council for Life Insurers, offers a misleading argument, built on a large, incorrectly cited number…. Read more
The presidential debates are generating an important discussion about which public policies will help to reduce inequality, with D’s focusing on tamping down excesses in financial markets, higher minimum wages, balancing work/families, college affordability, paid for by progressive taxation, and R’s going with trickle-down tax cuts, as is their wont. Over at WaPo, I argue that… Read more
The Twitter-verse is abuzz with pretty overtly dissenting opinions coming out of the Federal Reserve right now. Chair Yellen and Vice-Chair Stan Fischer have leaned pretty hard into the view that rates should go up before the end of the year, while in the last couple of days, Fed governors Lael Brainard and Dan Tarullo… Read more
…against those who would block it. There’s this seemingly obscure vote tomorrow in the House Financial Services Committee that would set up a serious road block to the implementation of these important, new standards for financial advisers. Lily Batchelder and I sound the warning, over at the NYT.