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Federal Reserve

Stephen Miran may join the Fed before the next interest rate vote

Federal Reserve, HWmember, Mortgage, Mortgage Rates, Politics, Regulatory, Senate, Trump administration /

Last month, President Donald Trump nominated Stephen Miran to fill a vacant seat on the Federal Reserve’s Board of Governors. And much like other Trump administration picks that require Senate confirmation, Miran’s selection has drawn skepticism from Democratic lawmakers. Miran met last week with members of the Senate banking committee, and a full floor vote […]

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Can mortgage rates get below 6% with this Federal Reserve?

Federal Reserve, Housing Inventory, Housing Market, Housing Market Tracker, HWmember, Mortgage Rates, New listings, Purchase Applications /

Now that jobs week is over, we are all left with one truth: it really is about the labor market over inflation data when it comes to mortgage rates, which hit a fresh year-to-date low after Friday’s terrible jobs numbers. The question now is whether mortgage rates can drop below 6% and stay there with

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Mortgage rates drop to 11-month low after weak ADP jobs print

ADP, Federal Reserve, Housing Market, HWmember, Jobs Report, Mortgage Rates /

Mortgage rates reached another new low for 2025 on Thursday morning after a weak ADP jobs report caused bond yields to dip slightly ahead of the significant jobs report that will be released on Friday. Current 30-year fixed mortgage rates are at 6.45% according to Mortgage News Daily, marking an 11-month low. Mortgage rates reached

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Trump Fed nominee won’t resign from White House

Trump Fed nominee won’t resign from White House

Federal Reserve, Monetary policy, Politics and policy, Regulation and compliance, Trump administration /

Stephen Miran, chairman of the Council of Economic Advisers and nominee to serve on the Federal Reserve Board of Governors.Bloomberg News The news: Stephen Miran will take unpaid leave from the Council of Economic Advisers, rather than resigning So what?: Democrats spent the confirmation hearing attacking Miran’s conflict of interest and the decline in Fed

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Justice Department probing Lisa Cook for mortgage fraud

Justice Department probing Lisa Cook for mortgage fraud

Federal Reserve, Litigation, Monetary policy, Politics and policy, Trump administration /

Bloomberg News (Bloomberg) — The Justice Department opened a criminal investigation into whether Federal Reserve Governor Lisa Cook committed mortgage fraud — ratcheting up pressure in President Donald Trump’s bid to oust her from the central bank. Federal prosecutors have issued subpoenas seeking information related to allegations that Cook misrepresented information on mortgage applications, according

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Wall Street strategists see more unease on Fed independence

Federal Reserve, Politics and policy /

Wall Street strategists say investors are becoming more concerned about Federal Reserve independence as President Donald Trump seeks to impose his will on the central bank and pushes for interest-rate cuts. The gold rally and a rotation to value stocks, as well as the widening spread between yields on five- and 30-year Treasuries, show that

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Mortgage rates hit a new 2025 low after soft job openings report

Bureau of Labor Statistics, Federal Reserve, Housing Market, HWmember, Jobs Report, Mortgage Rates /

Mortgage rates decreased slightly on Wednesday morning to a year-to-date low of 6.49% after the job openings data came in below expectations. The key takeaway from this BLS report is that we now have more unemployed workers than job openings. This is significant because the Federal Reserve has traditionally valued job openings data and has

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Fed’s Musalem: ‘Accountable’ central bank independence is key

Fed’s Musalem: ‘Accountable’ central bank independence is key

Economy, Federal Reserve, Monetary policy, Politics and policy /

Alberto Musalem, president of the Federal Reserve Bank of St. Louis.Bloomberg News WASHINGTON — A member of the Federal Reserve’s interest rate-setting committee emphasized the importance of the central bank’s independence amid a looming challenge from the Trump administration. Federal Reserve Bank of St. Louis President Alberto G. Musalem, speaking at an event at the

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Key filings in Fed independence suit due Thursday

Key filings in Fed independence suit due Thursday

Federal Reserve, Law and legal issues, Trump administration /

Al Drago/Bloomberg Federal Reserve Gov. Lisa Cook’s attorneys filed additional briefs in her case against President Trump over his moves to oust her from her seat on the Fed board, and the judge overseeing the case has scheduled final briefs to be due Sept. 4. Cook’s attorney, Abbe Lowell, founder of Lowell & Associates, asked

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