Plus, the Federal Reserve's role in stabilizing the Treasury market and long-term Treasury yields in light of tariffs.
| What is the impact of pharmaceutical drug tariffs? The Trump administration’s expansive tariff agenda is expected to increasingly focus on pharmaceuticals in the coming months, with the goal of addressing national security risks, creating domestic jobs, and onshoring of profits. In a new video, Marta E. Wosińska explains that the actual effects of pharmaceutical tariffs are likely to be quite different. |
| US Treasury commentary and analysis |
Stabilizing the U.S. Treasury market. Shocks in Treasuries can have far-reaching ripple effects on financial markets. On a recent episode of the Brookings Podcast on Economic Activity (BPEA), David Wessel interviews Anil K Kashyap about the role of the Federal Reserve in stabilizing the Treasury market in times of distress. Longer-term Treasury yields. As the U.S. economy weakens under the weight of recent tariffs, an odd trend has emerged: rising long-term Treasury yields. In a new analysis, Robin Brooks examines whether these increases reflect a growing fiscal risk premium in longer-term yields. |
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