Federal Reserve Chair Kevin Warsh will lead his first policy meeting next week as investors increasingly question whether interest rates could rise again if inflation remains stubbornly high. The Fed is widely expected to leave rates unchanged, but markets will be closely watching Warsh’s first press conference as chair for signals about the central bank’s […]
Markets await Warsh’s first meeting as Fed chair Read More »
The Federal Reserve delivered another 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.5% to 3.75% amid signs of a softening labor market and inflation that’s still above the central bank’s 2% target. The move marks the Fed’s third straight rate cut to end 2025, following 25-bps cuts in
Fed delivers third straight rate cut, but housing market will see limited relief Read More »
Former Federal Reserve Governor Adriana Kugler is said to have engaged in several financial transactions that violated the central bank’s ethics rules, multiple outlets have reported. That’s according to filings made public by the Office of Government Ethics on Nov. 15. They revealed that Kugler filed the disclosures in September. The forms show that Federal
Former Fed Governor Kugler violated trading rules, filings show Read More »
In a narrow 48-47 vote, the U.S. Senate confirmed economist Stephen Miran to the Federal Reserve Board of Governors on Monday evening ahead of a highly anticipated FOMC meeting. Miran, chairman of the White House Council of Economic Advisers, was approved by the Senate Banking Committee last week with all Republicans voting in favor and
Stephen Miran confirmed as Fed governor ahead of FOMC meeting Read More »
Federal Reserve Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Symposium left real estate and mortgage professionals cautiously optimistic. While expectations are building for lower interest rates, volatility remains a concern. In his final address as Fed chair at the Federal Reserve Bank of Kansas City’s annual conference, Powell signaled the possibility
Powell’s Jackson Hole speech stirs cautious optimism for housing Read More »
Treasury Secretary Scott Bessent is reportedly considering three more candidates for the next Federal Reserve chair: Vice Chairs Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan. However, other candidates will be interviewed in the coming weeks, Bloomberg reported based on talks with two administration officials. Potential candidates include President Donald Trump’s economic advisor
Treasury eyes Bowman, Jefferson and Logan for Fed Chair Read More »