Tag Archives: Jerome Powell

Today during a nomination hearing held by the U.S. Senate Banking Committee Brian Montgomery was approved as Assistant Secretary for Housing—Federal Housing Commissioner, U.S. Department of Housing and Urban Development. His nomination will now move to a full Senate vote.

Both nominations are expected to pass the hearings, after which they will still need to be voted on by the full Senate.

The U.S. Senate Banking Committee will meet this week to discuss the nomination of Jerome Powell as Fed Chair and Brian Montgomery as Assistant Secretary of HUD and Commissioner of the FHA. Here's what else is happening in The Week Ahead.

With mortgage rates expected to hold mostly steady under Powell, the housing market should continue to flourish.

William C. Dudley, a key figure in the aftermath of the 2008 financial crisis, will retire mid-term in 2018. His departure comes amidst a turbulent few months at the Fed.

The Federal Reserve has opted not to change its key interest rate. But insiders and others who are in-the-know say that’s likely to change sooner than later.