As the housing affordability crisis becomes a growing political focus, Kevin Warsh, President Trump’s pick to chair the Federal Reserve, has said he believes the central bank can use its monetary policy powers to help bring down mortgage rates. “We can lower interest rates a lot, and in so doing, get 30-year fixed-rate mortgages so […]
Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment, a dramatic escalation of the Trump administration’s attacks on the Fed. The criminal charges against US Federal Reserve marks an escalation of President Donald Trump’s longstanding feud with the Fed Chair […]
A divided US Federal Reserve has cut the interest rate by 25 basis points to a range between 3.50% and 3.75%, but the path for ahead for future rate cut is uncertain. US Federal Reserve Chair Jerome Powell. (Reuters) A split within the central bank deepened with two officials voting to keep rates unchanged, while […]
Jerome Powell signalled more US Fed rate cuts are in the offing as a slowdown in jobs creation poses a growing risk to the US economy, AFP reported on Tuesday, citing written remarks by the chair of the US Federal Reserve. Chair Jerome Powell has reiterated that the US Federal Reserve is slightly more worried […]