John Ydstie

John Ydstie appears in the following:

Trump's Flip-Flops On Economics Move Policies Toward The Status Quo

Friday, April 14, 2017

President Trump is beating a path back toward the center on economic policy. Some economists think it may be due to influence from Trump advisers like Gary Cohn and Jared Kushner.


Head Of The Federal Reserve Bank Of Richmond Resigns Over Improper Disclosure Of Information

Tuesday, April 04, 2017

Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, has resigned effective immediately over his role in the improper disclosure of confidential information to a financial analyst.


Trump's Draft Proposal Makes Tweaks To NAFTA

Thursday, March 30, 2017

During the election campaign President Trump threatened to pull out of NAFTA, which he called the worst trade deal in U.S. history. But he may take a more temperate approach.


Federal Reserve Raises Interest Rates By 0.25 Percent

Wednesday, March 15, 2017

The Federal Reserve announced it has raised interest rates by 0.25 percent, and bank policymakers project at least two more rate increases this year. Chair Janet Yellen spoke with journalists about the Fed's reasoning.


Fed To Announce Whether It Will Raise Interest Rates

Wednesday, March 15, 2017

It's widely expected that the Federal Reserve will decide to raise interest rates another quarter point. It would be only the third rate hike since the financial crisis began in 2008.


For Refugees In Germany, Hope And Frustration Mark Path Toward Integration

Monday, March 13, 2017

Refugees were seen as the answer to Germany's declining population and worker shortage. But the mood has darkened, and those refugees who reach Germany face long waits as they struggle to assimilate.


What We Know About The Trump, House GOP Tax Plans So Far

Tuesday, February 28, 2017

Sweeping tax cuts, for businesses and individuals, will be at or near the top of the list for both the White House and the Republican-controlled Congress. A tax on imports may also be on the table.


Trump, GOP At Odds Over "Border Adjustment" Tax

Saturday, February 11, 2017

President Trump and House Republicans want to slash the corporate tax rate. But coming up with a plan may be hard because of disagreement over a "border adjustment tax."


Trump Signs Executive Action To Roll Back Some Financial Regulations

Friday, February 03, 2017

President Trump signed an executive action that sets the stage for a dramatic rollback of regulations put into place following the financial crisis. The president also wants to halt an Obama administration rule that requires financial advisers to act in their clients best interest in retirement planning.


Trump's Proposed Border Tax Would Negatively Affect U.S. Consumers

Friday, January 27, 2017

Donald Trump has said a border tax would be one way to make Mexico pay for the border wall. But that type of tax could negatively affect American consumers.


Trump Vows 'Big Border Tax' For U.S. Manufacturers That Move Jobs Abroad

Wednesday, January 25, 2017

President Trump has suggested an import tax of up to 45 percent on goods made by U.S. firms overseas. But it's illegal to single out individual companies and it's unclear what form the tax would take.


Senate Panel Peppers Treasury Secretary Designate Mnuchin With Questions

Friday, January 20, 2017

Steve Mnuchin ran into sharp criticism at his confirmation hearing on Thursday. Most of it had to do with his role as the CEO of a bank that critics say turned into a foreclosure machine.


Trump Treasury Nominee Defends Role In Foreclosure Crisis

Thursday, January 19, 2017

Steven Mnuchin, Donald Trump's pick for treasury secretary, said the bank he ran did what it could to minimize foreclosures during the financial crisis. He also defended his use of offshore accounts for hedge fund clients, while acknowledging the need to close loopholes. Mnuchin also told lawmakers he thinks the Internal Revenue Service needs a bigger staff and better technology.


Mnuchin Likely To Face Questions Over Role In Foreclosures

Thursday, January 19, 2017

Treasury secretary pick Steve Mnuchin is expected to face hard questions at his confirmation hearing. During the financial crisis, Mnuchin led a bank that foreclosed on thousands of homeowners.


Trump Could Make Good On Tariff Threats, Thanks To Existing Laws

Saturday, January 07, 2017

Donald Trump turned to Twitter again to lambast big automakers into building more cars in the U.S. Experts say the president has wide-ranging powers to restrict trade.


Trump Nominates Robert Lighthizer As U.S. Trade Representative

Tuesday, January 03, 2017

Donald Trump nominated Robert Lighthizer to be the U.S. trade representative. Lighthizer will be tasked with helping to implement an overhaul of U.S. trade policy that will feature tariff threats against a number of U.S. trading partners.


European Banks Reach Multi-Billion Dollar Settlement Over Toxic Mortgages

Friday, December 23, 2016

In the waning days of the Obama administration, two European banks, Deutsche Bank and Credit Suisse, agreed to multi-billion dollar settlements with U.S. authorities for selling toxic mortgages prior to the financial crisis. The combined payouts will be approximately $12.5 billion. A third bank, Barclays, balked at a deal and is being sued by the Justice Department.


Trump's Immigration Plan Could Undermine Promise To Boost Economy

Tuesday, December 20, 2016

Donald Trump says he will double the U.S. growth rate; that requires getting more people into the workforce. The president-elect also plans to limit immigration, the biggest source of new workers.


Federal Reserve Chair Announces Decision To Raise Benchmark Interest Rate

Wednesday, December 14, 2016

Federal Reserve Chair Janet Yellen announced Wednesday the Fed raised benchmark interest rate for the first time since 2015.


5 Questions About Donald Trump's Cabinet Picks And His Economic Plan

Thursday, December 01, 2016

Key economic players Steve Mnuchin and Wilbur Ross, nominees for Treasury and Commerce respectively, are Wall Street veterans. Does their selection match up with Donald Trump's populist message?