Tag Archives: Jerome Powell

In split vote, Fed policymakers snub Trump, leave rates unchanged

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With job market stable and economy chugging along, futures market investors now think the odds of a September rate cut are less than even. Continue reading →

Homebuyers still have jitters about the economy and job market

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Mortgage rates have stabilized and more inventory is coming online, but applications for purchase loans fell by a seasonally adjusted 6 percent last week compared to the week before. Continue reading →

Elizabeth Warren calls Pulte out for social media attacks on Powell

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In July alone, 114 posts raise “significant questions about your judgment and commitment to operating FHFA in a responsible, competent, and lawful manner,” Senator scolds Fannie, Freddie regulator. Continue reading →

Meme stock rally? Short squeeze? Opendoor’s share price is soaring

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Opendoor, which posted a $392 million 2024 net loss and faced delisting from the Nasdaq Stock Market, is hoping to reach more sellers through partner real estate agents. Continue reading →

Outside lawyers, WSJ editorial board urge Trump not to fire Powell

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Trump administration would probably lose court battle, lawyers reportedly advise White House, and markets would react badly, “The Wall Street Journal” warns. Continue reading →

Backers of rival mortgage credit scores wage public relations war

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As new scoring models by Fair Isaac and VantageScore vie for acceptance by Fannie Mae and Freddie Mac, claims and counterclaims fly. In the meantime, mortgage giants are stuck with FICO Classic. Continue reading →

Mortgage rates are headed up again on June CPI inflation report

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Inflation moved away from Fed’s 2 percent target for the second month in a row, with the cost of goods and services rising 2.7 percent from a year ago, up from 2.3 percent in April. Continue reading →

Fed rebuts accusations that Powell mismanaged $2.5B renovation

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Central bank refutes allegations by Trump administration officials that headquarters renovation project has been mismanaged and that Powell lied to Congress about its specifics. Continue reading →

Gatekeeping, portal wars, ‘Armageddon’: Inman’s Top 5

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Looking for a quick catch-up on the buzziest stories of the week? Here’s Inman Top 5, the most essential stories, according to Inman readers. Continue reading →

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

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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 →