President Donald Trump met Thursday with Federal Reserve Chair Jerome Powell at the White House to discuss economic developments, as Trump continues to press the Fed to lower interest rates. During the meeting, Trump told Powell he’s making “a mistake” by not lowering interest rates, the White House said Thursday. The meeting was at Trump’s […]
Trump to Powell: It’s a ‘mistake’ to not lower interest rates Read More »
Andrew Harrer/Bloomberg Federal Reserve Chair Jerome Powell met with President Donald Trump at the White House on Thursday to discuss the economic outlook and monetary policy. During the meeting, Powell did not discuss his outlook for the federal funds rate, according to a statement issued by the Fed on Thursday afternoon. Instead, the central bank
Trump, Powell discuss economic outlook at White House Read More »
Federal Reserve Federal Reserve officials were split about the potential inflationary impact of higher tariff rates during the central bank’s monetary policy meeting last month. Some members of the Federal Open Market Committee voiced concern that elevated import taxes could result in supply chain disruptions that lead to “persistent effects on inflation, reminiscent of such
FOMC minutes reveal disagreement on possible tariff impacts Read More »
The Federal Reserve and several industry groups have agreed to put their lawsuit over stress testing on pause, an outcome that gives all sides a reprieve without sacrificing their legal optionality. Late last week, the Fed joined the Bank Policy Institute, the American Bankers Association, the U.S. Chamber of Commerce and a pair of Ohio
Stress-test suit pause lets all sides fight another day Read More »
On Monday, FHFA Director Bill Pulte called on Federal Reserve Chairman Jerome Powell to lower interest rates. His exact tweet was: “Jay Powell needs to lower interest rates – enough is enough. President Trump has crushed Biden’s inflation, and there is no reason not to lower rates. The housing market would be in much better
FHFA Director Pulte calls on Powell to lower interest rates Read More »
Bloomberg News As banks provide the liquidity that fuels private credit lending — even without originating the loans themselves — researchers at the Federal Reserve say traditional lenders risk being dragged into a financial crisis if defaults among private credit borrowers spike. In a new paper, Boston Fed researchers José L. Fillat, Mattia Landoni, John
Fed paper flags ‘underappreciated’ risks of private credit Read More »
From left: New York Fed President John Williams and MBA Chair and President of Lennar Mortgage Laura Escobar The strength of U.S. consumers has kept the economy resilient, but recent developments raise the likelihood of a slowdown in 2025, according to a leading Federal Reserve official. Frequently changing tariff policy and the threat of geopolitical
Fed’s Williams flags tariff risks, signals 2025 slowdown Read More »
Al Drago/Bloomberg Banks could soon be able to position assets as collateral to both the Federal Reserve’s discount window and the Federal Home Loan Bank System. Fed Vice Chair Philip Jefferson, speaking Monday morning at the Federal Reserve Bank of Atlanta’s annual Financial Markets Conference, said closer collaboration between the two emergency lending programs was
Fed exploring Home Loan bank collateral interoperability Read More »
Buyer representation agreements have no impact on real estate agent commissions, according to a report published this week by researchers at the Federal Reserve. The report examined commission rates advertised to buyers’ agents through data from CoreLogic (which recently rebranded as Cotality). This includes the CoreLogic House Price Index and CoreLogic Market Trend reports, which
Buyer rep agreements don’t change commission rates: Fed study Read More »
Federal Reserve Board Communication practices have taken center stage in the Federal Reserve’s review of its monetary policy framework. In a Thursday morning speech, Fed Chair Jerome Powell said communication practices — particularly during times of heightened uncertainty — have been focal points during both internal and external discussions in recent months related to the
Powell: Fed policy review honing in on communication Read More »
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