With the Federal Reserve now under the leadership of recently sworn-in new Fed Chair Jerome Powell, many are watching to see how he deals with the challenges of the current market, and how his responses and philosophy will differ from ...
Read More »Fed’s Kashkari on Interest Rates and Cryptocurrencies
Neel Kashkari, President of the Federal Reserve Bank of Minneapolis, recently participated in a town hall in Pierre, South Dakota, attended by a little over 100 legislators and business leaders. The town hall was moderated by Laura Schoen Carbonneau, CEO ...
Read More »As Stocks Tumble, Lenders Take a Hit
The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point drop in the Dow last Friday. With the Standard & Poor’s index ...
Read More »Fed Maintains Interest Rates as Yellen’s Tenure Winds Down
Janet Yellen oversaw her final meeting of the Federal Reserve’s Federal Open Market Committee (FOMC) Wednesday afternoon, with the Committee holding fast on interest rates and revising their projections on expected inflation. “Gains in employment, household spending, and business fixed ...
Read More »Federal Agencies Encourage Community Reinvestment in Puerto Rico
The economic concerns following the destruction of Hurricane Maria stretch further than the islands. As some states are faced with an influx of refugees putting a strain on their housing market, the federal agencies step in to address the issues at hand.
Read More »Mulvaney Requests Zero Funding for CFPB in Q2
The Acting Director of CFPB has told the Federal Reserve that the agency does not need new funds to operate in Q2. Find out why here...
Read More »After Delay, Powell and Montgomery Noms Proceed to Full Senate
The Senate Committee on Banking, Housing, and Urban Affairs today met to revisit the nominations of Jerome Powell as Chairman of the Board of Governors of the Federal Reserve System and Brian Montgomery as Assistant Secretary for Housing – Federal Housing Commissioner, ...
Read More »The Week Ahead: A Snapshot of Homebuyer & Seller Trends
The National Association of Home Builders (NAHB) will release its Housing Market Index Report on Wednesday, January 17, at 10 a.m. ET. The report provides an outlook for the housing market as well as homebuyer and seller trends. The report ...
Read More »Powell Was Hesitant About Fed MBS Purchases in 2012
Transcripts released by the Fed provided insight into the man due to take over as Fed chair in 2018, assuming he receives Senate confirmation. The Fed published meeting transcripts from 2012 last week, continuing their policy of releasing such transcripts ...
Read More »The Week Ahead: Pick the Brains of the Fed Presidents
For anyone hoping for insights straight from the Presidents of the nation’s Federal Reserve Banks, this is a good week to clear your calendar. Fed Presidents from nearly a half dozen different Federal Reserve Banks are delivering speeches or participating ...
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