Tag Archives: Scott Bessent

Fannie Mae and Freddie Mac are quietly stockpiling mortgages

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Monthly purchases of $13 billion in mortgages and MBS may be taking pressure off mortgage rates — and setting the stage for a more attractive public offering. Continue reading →

Fed patches a potential chink in armor protecting its independence

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A vote to reappoint 11 of the Fed’s 12 regional bank presidents puts an end to speculation that Trump administration might try to unseat inflation hawks opposed to interest rate cuts. Continue reading →

‘I’d love to fire his ass,’ Trump says of Fed Chair Jerome Powell

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The president jokingly told Treasury Secretary Scott Bessent that his job is also on the line if interest rates don’t come down, as poll shows inflation will be a key issue in 2026 midterm elections. Continue reading →

Don’t merge Fannie and Freddie, says their biggest investor

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Billionaire investor Bill Ackman floats plan to relist mortgage giants on the New York Stock Exchange this year, but says it’s too soon for the government to sell any of its stake. Continue reading →

Housing recession? K-shaped trends? The dollars and ‘sense’ of today’s economy

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This week on The Download, Inman reporters break down the late-2025 economic trends affecting your clients and your real estate business. Continue reading →

Recession? Membership? Blessings? Inman 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 →

Demand for mortgages cools as rates rebound from 2025 low

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Mortgage rates hit a new 2025 low of 6.12 percent on Oct. 28, but have been on the rise after Fed Chair Jerome Powell said there’s no guarantee the Fed will cut rates for a third time in December. Continue reading →

Embattled Fed Governor Lisa Cook says tariffs fueling inflation

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In her first public speech since President Trump’s attempt to remove her, the economist said she expects a “one-time increase” in prices, with inflation trending back down toward the 2 percent target once “the effects are behind us.” Continue reading →

Is the housing market in the midst of a recession? Treasury Secretary Scott Bessent thinks so

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The Treasury Secretary blamed the Federal Reserve for the current housing recession and said that if the central bank cut interest rates more quickly, the recession could end. Continue reading →

These are the 5 people who might replace Jerome Powell as Fed chair

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Trump loyalist Kevin Hassett is seen as the most likely pick to lead the Federal Reserve Board next year. Critics say doubts about the central bank’s independence could put upward pressure on rates. Continue reading →