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Key insight: The Fed’s communications strategy, balance sheet management, inflation framework, data sourcing and productivity in the broader economy are the key considerations for Warsh’s first year in office. Expert quote: “There’s a race between supply and demand. Milton Friedman says that the only thing we know about economics is that there’s a supply line, […]

Key takeaway: Although the guidance does not carry the force of law, onlookers say it could prompt some lenders to scale back lending to borrowers using individual taxpayer identification numbers, or ITINs, due to compliance and regulatory concerns. Expert quote: “I have not seen anyone shift away from the product, but I think it’s only

For years, the dominant narrative around American housing has been simple and bleak: nobody can afford to buy a home anymore. Headlines reinforce it, TikTok and other creators lament it, and millions absorb it. However, beneath the surface of these headlines lies a subtler and more consequential truth: today’s housing “affordability crisis” is only partly