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Federal judge blocks DOJ subpoenas targeting Federal Reserve Chair Powell

Department of Justice, Federal Reserve, HWmember, Jerome Powell, Legal, LendingLife /

A federal judge on Friday blocked subpoenas that the U.S. Department of Justice (DOJ) served the Federal Reserve in a case involving Jerome Powell’s Congressional testimony on the central bank’s headquarters renovation, concluding the effort appeared designed to “harass and pressure” him to lower interest rates or resign from his position. The DOJ served the […]

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Judge tosses out ‘unsubstantiated’ subpoenas into Powell

Federal Reserve, Law and legal issues, Monetary policy, Politics and policy /

Key Insight: U.S. District Judge James Boasberg wrote in documents unsealed Friday that the Trump administration produced no evidence to suspect Federal Reserve Chair Jerome Powell of a crime, justifying the tossing of the subpoenas. The Justice Department said it would challenge the decision. Expert quote: “The Government has produced essentially zero evidence to suspect

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How will rising oil prices impact the U.S. housing market?

Federal Reserve, Housing Market, HWmember, Mortgage Rates /

As we enter another week of the Iran conflict, the question now is what will this do to the economy, but for this article, we want to focus specifically on what this conflict means for the U.S. housing market. There are currently two sides to this discussion. One camp believes the economy is still expanding

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Treasury yields whipsaw as oil spike looms over Fed

Economic news, Federal Reserve, Treasury bonds, Treasurys /

Treasuries opened softer this morning, but Friday’s trading was nothing short of insane. Processing Content One thing happened, which did seem to make sense, the yield curve finally had a day of steepening, but that was about it. After opening weaker in front of a shockingly soft jobs report, the 5-year yield dropped 7+ bps

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Negative jobs report keeps mortgage rates calm amid surging oil prices 

Federal Reserve, Housing Market, HWmember, Jobs Report /

Oil prices are surging and mortgage rates are roughly flat so far today. It has been a crazy day in the bond market: the 10-year yield first went lower after the jobs report, then Trump posted that the goal in Iran is “ultimate surrender,” which sent the 10-year yield higher with oil prices over $90.

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Job market softens as US payrolls fall by 92K in February

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

In a sign of a still-softening labor market, U.S. employers eliminated 92,000 nonfarm payroll jobs in February, according to data released Friday by the U.S. Bureau of Labor Statistics (BLS). Economists say the report is unlikely to change the Federal Reserve’s stance on interest rates. Meanwhile, the jobs numbers for December 2025 were downwardly revised

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Watchdog lawsuit seeks FHFA records tied to Powell subpoenas

Bill Pulte, Federal Reserve, FHFA, HWmember, Jerome Powell, Lawsuit, Legal, Mortgage, Politics, Regulatory /

The Campaign for Accountability (CfA), a nonpartisan watchdog group, has filed a lawsuit against the Federal Housing Finance Agency. The group alleges the FHFA failed to comply with a Freedom of Information Act (FOIA) request that sought access to a report prepared by FHFA Director Bill Pulte about Federal Reserve Chair Jerome Powell. CfA submitted

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Cook: AI’s labor impact may take years to measure

Artificial Intelligence, Federal Reserve, Interest rates, Monetary policy /

Key insight: Fed Gov. Cook said artificial intelligence may already be influencing employment trends, pointing to lower demand for computer engineers as one potential sign of change. Expert quote: “It is very difficult to measure labor productivity and total factor productivity. So we should be patient and we should be nimble in thinking about the

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Basel proposal helps banks, but changes little

Basel, Capital markets, Federal Reserve, Servicing /

Enjoy complimentary access to top ideas and insights — selected by our editors.Want unlimited access to top ideas and insights? Subscribe Now Federal Reserve Board Vice Chairman for Supervision Michelle Bowman gave a very significant statement about banks and the Basel III risk weights for residential loans and mortgage servicing rights to the American Banker

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Fed’s Goolsbee: Prioritize inflation before further cuts

Federal Reserve, Interest rates, Monetary policy, Politics and policy /

Key Insight: Chicago Fed President Austan Goolsbee said inflation has not eased as quickly as previously forecast, underscoring the need for a cautious approach to interest rate cuts. Expert quote: “I remain optimistic that there can be more rate cuts this year. But that hinges on seeing actual progress on inflation that shows we are

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