Key takeaway: Kevin Warsh, President Donald Trump’s pick to lead the central bank, is now officially the chair of the Federal Reserve. Expert quote: “I want him to be independent and just do a great job. Don’t look at me, don’t look at anybody, just do your own thing and do a great job.” — […]
Kevin Warsh sworn in as Federal Reserve chair Read More »
Key insight: Federal Reserve Gov. Christopher Waller said Friday that he supports eliminating language in the Federal Open Market Committee’s forward guidance that implies that the central bank is inclined to cut rates, joining three dissents from regional Fed presidents during the last FOMC meeting. Expert quote: “You just can’t look at this data and
As inflation rises, Fed’s Waller ready to drop ‘easing bias’ Read More »
The Senate’s confirmation of Kevin Warsh as chairman of the Federal Reserve is already reshaping conversations across the housing industry — particularly among real estate agents watching mortgage rates, affordability and transaction volume. Warsh is set to officially succeed Jerome Powell after a contentious confirmation process held against a backdrop of elevated inflation, geopolitical instability
Real estate agents hope Kevin Warsh can calm roller coaster housing market Read More »
Key takeaway: Federal Reserve Gov. Michael Barr said shrinking the central bank’s balance sheet could have unintended consequences, including increasing the Fed’s footprint in financial markets. Expert quote: “I think shrinking the balance sheet is the wrong objective, and many of the proposals to meet this objective would undermine bank resilience, impede money market functioning
Fed’s Barr warns of tradeoffs in shrinking balance sheet Read More »
Key insight: The Senate confirmed Kevin Warsh as Fed chair in a largely party-line 54 to 45 vote. What’s at stake: Warsh has pledged to keep monetary policy independent despite sustained pressure from President Donald Trump for lower interest rates. Forward look: Warsh takes the helm of the Fed as inflation metrics continue to climb,
Senate confirms Kevin Warsh as Federal Reserve chair Read More »
Key takeaway: Working-class families are likely to feel the greatest strain from the inflationary pressures spurred by higher energy prices and President Donald Trump’s tariff policies. Expert quote: “Uncertainty raises the option value of waiting, and waiting means not spending now. The uncertainty in the Middle East probably is going to delay major purchases, especially
Rising energy costs may squeeze families, but not the economy Read More »
Key takeaway: The Federal Reserve said market froth remains the leading risk to financial stability, consistent with its assessment in November. Expert quote: “Treasury market liquidity initially deteriorated in line with this heightened volatility, demonstrating the vulnerability of market liquidity during periods of acute stress.” —Federal Reserve Financial Stability Report. What’s at stake: The report comes
Fed flags overheated markets as top stability risk Read More »
A bank is fighting the Federal Reserve Board of Governors to roll out a loan program involving real estate purchases that the lender says it needs to compete with local independent mortgage banks. Processing Content Upstate New York-based Canandaigua National Corp. is contesting the Fed Board’s decision in the 2nd U.S. Circuit Court of Appeals,
Bank fights Fed to offer cash guarantee mortgages Read More »
Key takeaway: As Federal Reserve Chair Jerome Powell’s term nears its end, stakeholders expect his role as a governor to be low-key and to continue until the release of an inspector general report clears him of any wrongdoing. Expert quote: “Powell was pretty clear, he’s not going to be a shadow chair. He knows what
Powell is staying at the Fed: What to expect Read More »
Key insight: Federal Reserve Chair Jerome Powell said that he would remain at the Fed board after his term as chair expires next month in order to ensure that the central bank can continue to conduct monetary policy independently. Expert quote: “I worry that these attacks are battering the institution and putting at risk the
Powell plays his last card as Fed chair Read More »