Fed decision could lower stagnant mortgage rates

When the Fed stops buying or begins selling bonds, private investors must step in, often demanding higher yields to compensate for risk. That pushes mortgage rates higher, even if the Fed is cutting short-term interest rates at the same time.

Trump got what he wanted from the Fed chair. But the economy is still wobbly.

Trump lambasted Powell this week, calling him “Jerome ‘Too Late’ Powell” in a speech to Asian business leaders .

Fed cuts interest rates for 2nd time this year, but rejects large reduction sought by Trump

Last month, the Federal Open Market Committee (FOMC), a policymaking body at the Fed, projected two additional quarter-point rate cuts over the remainder of the year. By contrast, Trump has called for rate cuts totaling as much as 3 percentage points. Trump has carried out a pressure campaign at the Fed with little precedent.

Fed's Bowman moves to reduce bank-supervision unit by about 30%, Bloomberg News reports

The U.S. Federal Reserve's top bank cop, Michelle Bowman, announced plans to reorganize the agency's supervision and regulation division and shrink the unit's staff by roughly 30%, Bloomberg News reported on Thursday.

Fed's Bowman plans to cut bank-supervision unit by about 30%, email shows

Federal Reserve Vice Chair for Supervision Michelle Bowman plans to reorganize the agency's supervision and regulation division and cut the unit's staff by about 30%, according to an email sent to staff Thursday.
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