Tag Archives: Fed

Yellen’s resignation cuts short a term as Fed governor which would have extended to 2024. Her departure marks the end of a controversial term which saw the Fed greatly swell its balance sheet.

Today, President Donald Trump announced the nomination of Jerome Powell, a Federal Reserve Board governor who previously worked as a private-equity executive, as Fed Chair to succeed Janet Yellen.

Drilling down into enforcements of the False Claims Act, MBS reductions from the Fed, and updates to Freddie Mac’s credit transfer risk program, were detailed in a recent report.

In tandem with rising home prices and growing stock market, the national net worth of households in the United States grew by 1.7 percent in the second quarter of 2017.

Fitch Chief Economist shared his expectations for the Federal Reserve’s future interest rate hikes according to a recently published report.

Treasury yields are commonly linked to mortgage interest rates, and Friday saw a drop in yields for the 10-year, 30-year, and 2-year bonds in anticipation of speeches given by Esther George, President and CEO of the Federal Reserve Bank of Kansas City, and Patrick Harker, President and CEO of the Federal Reserve Bank of Philadelphia.

Joseph Otting, nominated to be the Comptroller of the Currency, and Randal Quarles, nominated to the Board of Governors of the Federal Reserve, was confirmed by the Senate Committee on Banking, Housing, and Urban Affairs. A full Senate vote will be needed to finalize the two men’s nominations.

The Federal Open Market Committee (FOMC) released its minutes from its meeting in July on Wednesday, which detailed the Fed’s outlook on the state of all facets of ...

The FOMC has been talking about normalization for months now. Looking forward, they could start the process soon, and that will have consequences . . .

Janet Yellen sat in the hot seat in front of the Senate Thursday, completing the second half of her semi-annual testimony. What recommendations did she give the committee, and did they fall in line with recent calls by politicians in the CHOICE act?