Key insight: House Republicans and Democrats at a field hearing in Oklahoma City pushed back against potential consolidation of the regional Federal Reserve banks, championing their role in representing diverse local economies. What’s at stake: The hearing comes as Fed Chairman Kevin Warsh has floated streamlining the regional bank structure, with a Fed governor arguing […]
House Republicans rally around regional Fed banks Read More »
Key insight: The biggest hurdle to shrinking the Fed’s balance sheet is the amount of reserves in the banking system necessary to ensure smooth market function. Fears of 2019-like reserve scarcity have shaped balance sheet management in the post-COVID era. Expert quote: “They are haunted by this. They feel that was an own-goal and there’s
To shrink the balance sheet, Fed must move past 2019 fears Read More »
One year ago, I talked about how we were about to see a positive shift in the housing market, and with our weekly Housing Market Tracker articles and podcast, I’ve made sure to explain what has really been going on in the housing market since then and what hasn’t. As we sit here on a
Why housing demand is up and inventory is down in 2026 Read More »