Federal Reserve Chairman Kevin Warsh delivered a difficult message for the housing industry Friday: The Fed sees the strain in housing, but that weakness is not enough to shift its attention away from inflation. Speaking at the Federal Reserve Bank of Kansas City’s...
John C. Williams is the president and CEO of the Federal Reserve Bank of New York. This article is adapted and edited from a presentation given at the Federal Home Loan Bank of New York 2024 Member Symposium in New York City. How many of you witnessed the solar...
After today’s announcement by the Federal Reserve that it is pausing its strategy of raising interest rates, one of the nation’s most prominent housing economists has called on the central bank to back off from future hikes. Lawrence Yun, the chief...
The Federal Reserve hit the pause button and opted not to vote for another rate hikes. The central bank’s policymaking Federal Open Market Committee voted unanimously to hold the federal funds rate at the 5% to 5.25.% range. Prior to this decision, the Committee voted...
In the wake of the pandemic, one word has remained top of mind for the Federal Reserve: inflation. While headline PCE inflation has come down from its peak of 7% last year, it is still running at 5% year-over-year — way above the Fed’s long-run target of 2% annually....
Pending Home Sales Slide to Nearly Three-Year Low as Buyers Pull Back
