The Dow Jones industrial average closed down 1,200 points on Monday, after having dropped 1,500 points earlier in the day. This came on the heels of a 666-point ...
Read More »Senate Confirms Powell as Federal Reserve Chair
The Senate confirmed Jerome Powell as the 16th chairman of the Federal Reserve on Tuesday after an 85-12 vote in favor of his confirmation. Powell will take over ...
Read More »Powell and Montgomery Noms Back on Track for Full Senate Vote
The Senate Committee on Banking, Housing, and Urban Affairs today met to revisit the nominations of Jerome Powell as Chairman of the Board of Governors of the Federal Reserve ...
Read More »Jerome Powell Gains Senate Banking Committee Approval as Fed Chair
With the Senate Banking Committee's approval, Powell's nomination now heads to the full Senate for a vote, which is expected to meet little resistance.
Read More »Senate Banking Committee Grills Jerome Powell
The Fed Chair nominee faced questions from both sides of the aisle, during which he called for smarter regulation, described cybersecurity as one of the primary threats to the financial system, and described housing reform as “unfinished business.”
Read More »The Week Ahead: U.S. Banking Committee to Focus on Powell & Montgomery
Jerome Powell's nomination as Fed Chair will be the subject of a full open session committee hearing this week for the U.S. Senate Banking Committee. During a closed-door meeting the committee will also consider Brian Montgomery's nomination as Assistant Secretary of HUD and Commissioner of the FHA. Here's what else is happening in The Week Ahead.
Read More »Janet Yellen: A Look Back
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.
Read More »Steady Mortgage Rates Good News for First-Time Home Buyers
Even if mortgage rates increase in the next year, first-time home buyers still have reason for optimism in 2018.
Read More »Yellen Stays the Course, Trump Maps the Fed’s Future
The Federal Reserve has voted to keep its key interest rate unchanged. But things may look a little different come 2018 . . .
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