Treasury Secretary Scott Bessent has claimed the housing market was in a recession and the full national economy could potentially slide into a recession due to Federal Reserve policies. In a Sunday interview on CNN’s “State of the Union,” Bessent remarked, “I...
The Federal Reserve is enacting a 30% staff reduction in its division focused on banking supervision. The job cuts were detailed in an internal memo viewed by The Wall Street Journal – the Federal Reserve has not made any public statement on its layoffs, which would...
For the second time this year, the Federal Reserve has issued a rate cut. The central bank’s policy making Federal Open Market Committee voted to lower the target range for the federal funds rate by a 0.25% to a new range of 3.75% to 4%. All but two of the Committee’s...
A Phil Hall Op-Ed: Earlier this morning, the Federal Housing Finance Agency (FHFA) sent out a brief press statement with the headline: “US Federal Housing Announces Director Pulte Will Donate 100% of His Salary to Wounded Veterans.” The press statement began with this...
The Federal Deposit Insurance Corporation and the Federal Reserve Board withdrawn their interagency principles for climate-related financial risk management for large financial institutions. This policy was issued jointly in October 2023 as part of the Biden...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
