Key insight: President Donald Trump says he will remove Fed Chair Jerome Powell from the central bank if he does not leave after his term expires on May 16. Trump also said his administration will not drop its probe into Powell over renovations at the central bank’s headquarters. Expert quote: “I’ll have to fire him […]
Trump threatens to fire Fed Chair Powell if he doesn’t resign Read More »
US homebuilders’ confidence fell to a seven-month low in April as the Iran war pushed up mortgage rates and materials costs at the start of the spring selling season. Processing Content An index of market conditions from the National Association of Home Builders and Wells Fargo declined four points to 34, according to data out
Homebuilder sentiment falls to seven-month low Read More »
Key insight: Sen. Elizabeth Warren, D-Mass., is pressing the Fed for records on Kevin Warsh’s actions during the 2008 financial crisis, arguing he downplayed subprime risks and helped funnel taxpayer-funded bailouts to major Wall Street firms. Forward look: Warsh’s path to confirmation is already complicated, with Democrats uniformly opposed and Republican Sen. Thom Tillis withholding
Exclusive: Warren to probe Warsh on his role in 2008 crisis Read More »