HousingWire Lead Analyst Logan Mohtashami has been tracking the battle between President Trump and Federal Reserve Chairman Jerome Powell over interest rates since the election. Below is an updated list of articles and podcasts on the topic. July What’s Fed Chair Jerome Powell’s next move on rate cuts? July 8Government job growth kills possibility of […]
President Trump vs. Fed Chair Jerome Powell battle over rates Read More »
Mortgage rates have been slowly decreasing, but is this drop significant enough to influence our weekly housing data? Keep in mind that our weekend tracker reports provide insights months ahead of the reports most Americans typically read. Therefore, we closely monitor changes in our data trends whenever mortgage rates fluctuate. The last two weeks have
Have slightly lower mortgage rates stabilized the housing market? Read More »
President Trump has started Operation Shadow Fed President, with news breaking Wednesday night that he has identified several candidates for the next Federal Reserve chairman. Under this strategy, the president selects a new Federal Reserve chair well before they can officially assume the role and they communicate new Fed policy to the markets, which undermines
Trump initiates plan to install a shadow Fed president Read More »
During a second straight day of testimony on Capitol Hill, Federal Reserve Chair Jerome Powell said the central bank is reviewing the Basel III rules (also known as the “Basel Endgame”), which would significantly increase bank capital requirements and could impact the mortgage industry, if implemented. Powell’s statement comes as the Fed prepares to vote
Powell: Fed is reviewing Basel III, supplemental leverage ratio rules Read More »
The Federal Reserve has come under renewed fire from the Trump administration in recent weeks as the president and key housing officials battle with Chair Jerome Powell over the direction of interest rates. On Tuesday, while speaking to members of the House Financial Services Committee, Powell was resolute that the central bank will continue its
Jerome Powell says the Fed isn’t budging on interest rates Read More »
After the weekend’s global events, many expected that the bombing of Iran’s nuclear facilities would influence bond yields, either up or down, today. However, the real surprise came from Michelle Bowman, Federal Reserve Vice Chair of Supervision, who talked about a potential rate cut in July. In a speech she gave at a research conference
Fed Vice Chair Michelle Bowman supports July interest rate cut Read More »
The most notable housing trend for me in 2024 and 2025 has been inventory growth, particularly the increase in new listings during this time. I had set a minimal target of 80,000 new listings per week for 2025 and we’ve met that goal two times this year. However, the data for new listings is losing
New listings slowdown shows lack of home seller stress in 2025 Read More »
FHFA Director Bill Pulte called for Federal Reserve Chairman Jerome Powell to resign today, shortly after President Trump urged Powell to cut the Fed funds rate by 2.5% in a social post. This follows the Federal Reserve’s decision yesterday to keep the Fed Funds rate unchanged. Although Powell pointed out the challenges of finding a
FHFA Director Bill Pulte calls on Fed Chair Powell to resign Read More »
Today, President Trump called Fed Chairman Jerome Powell “Too Late” in a social post and said that he can save the country billions of dollars by shaving 2.5% off the Fed Funds rate. This is part of an ongoing Trump attack on the Fed Chair to cut rates, but is this strategy the best way
Trump wants Powell to lower rates. Here’s how to do that Read More »
The Federal Reserve held benchmark rates steady in the range of 4.25% to 4.5% following its two-day meeting on Wednesday, a decision with implications for the mortgage industry. The move, expected by virtually all monetary policy watchers, underscores the challenge facing the Federal Reserve — deciding when it’s appropriate to cut rates. It’s a delicate
Fed holds rates steady amid inflation concerns, resilient job market Read More »
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