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Federal Open Market Committee

Fed delivers third straight rate cut, but housing market will see limited relief

Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Regulatory /

The Federal Reserve delivered another 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.5% to 3.75% amid signs of a softening labor market and inflation that’s still above the central bank’s 2% target.  The move marks the Fed’s third straight rate cut to end 2025, following 25-bps cuts in […]

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Kevin Hassett is the rumored lead for Fed chair position

Donald Trump, Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, Monetary policy, Mortgage, Politics, Regulatory, Trump administration /

Kevin Hassett, director of the White House National Economic Council, is the leading candidate to be the next Federal Reserve chair, advisers and allies of President Donald Trump told Bloomberg, as the deadline for a new Fed governor approaches. Trump has voiced his opposition to the current Fed leader, Jerome Powell. Trump has threatened to

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Fed rate cut could lower mortgage rates further

Federal Open Market Committee, Federal Reserve, HWmember, LendingLife, Monetary policy, Mortgage, Mortgage Rates, Origination, Regulatory /

The Federal Reserve delivered a 25-basis-point cut to its benchmark interest rate on Wednesday, setting the target range at 3.75% to 4%. The move, which brings the federal funds rate to its lowest level in three years, comes amid a softening labor market and inflation pressures. Monetary policy watchers expect another cut in December, which

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Stephen Miran confirmed as Fed governor ahead of FOMC meeting

Federal Open Market Committee, Federal Reserve, HWmember, Mortgage, Politics, Regulatory, Trump administration, U.S. Senate /

In a narrow 48-47 vote, the U.S. Senate confirmed economist Stephen Miran to the Federal Reserve Board of Governors on Monday evening ahead of a highly anticipated FOMC meeting. Miran, chairman of the White House Council of Economic Advisers, was approved by the Senate Banking Committee last week with all Republicans voting in favor and

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Powell’s Jackson Hole speech stirs cautious optimism for housing

Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, LendingLife, Mortgage, Mortgage Rates, Mortgage Rates Center, Origination, Regulatory /

Federal Reserve Chair Jerome Powell’s speech on Friday at the Jackson Hole Economic Symposium left real estate and mortgage professionals cautiously optimistic. While expectations are building for lower interest rates, volatility remains a concern. In his final address as Fed chair at the Federal Reserve Bank of Kansas City’s annual conference, Powell signaled the possibility

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Treasury eyes Bowman, Jefferson and Logan for Fed Chair

Donald Trump, Federal Open Market Committee, Federal Reserve, HWmember, Jerome Powell, LendingLife, Mortgage, Regulatory /

Treasury Secretary Scott Bessent is reportedly considering three more candidates for the next Federal Reserve chair: Vice Chairs Michelle Bowman and Philip Jefferson, and Dallas Fed President Lorie Logan.  However, other candidates will be interviewed in the coming weeks, Bloomberg reported based on talks with two administration officials. Potential candidates include President Donald Trump’s economic advisor

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