Trump official: Fed chair to answer for ‘ostentatious’ renovations

OMB Director Russell Vought put accusations that Fed Chair Jerome Powell lied to Congress about a $2.5 billion renovation of the Fed’s headquarters in writing Thursday. Continue reading

Yes, it’s a ‘big, beautiful bill’ — for the real estate industry at least

Housing trade groups — including NAR, MBA and NAHB — like tax breaks for homebuyers and businesses, and urge lawmakers to put the bill on Trump’s desk Continue reading

Fed expected to resist pressure from Trump for July rate cut

As Fed policymakers await more data confirming that inflation has been tamed, futures markets put the odds of a September rate cut at 90 percent, up from 64 percent a week ago. Continue reading

May CPI misses projections even as tariff effects hold off

Inflation remained softer than expected in May, with consumer prices rising only modestly, suggesting that President Donald Trump’s latest tariffs have yet to ripple through, the Bureau of Labor Statistics reported Wednesday. Continue reading

Trump, Harris housing policies emerging from the rhetoric

Housing policy has gotten short shrift in the debates, with a tight focus on immigration and inflation. But the candidates’ platforms — and Project 2025 — provide more details. Continue reading