Treasury Secretary Scott Bessent ratcheted up the Trump administration’s pressure for Federal Reserve rate cuts by bluntly stating the central bank’s benchmark is at least 1.5 percentage points too high. “I think we could go into a series of rate cuts here, starting...
Treasury Secretary Scott Bessent will not be the next chairman of the Federal Reserve, according to President Trump. In a CNBC interview this morning, Trump stated Bessent was not interested in the job. “Well, I love Scott, but he wants to stay where he is,” Trump...
The White House has expanded its attacks on Federal Reserve Chairman Jerome Powell by posting an AI-created picture of him cross-dressed as Queen Marie Antoinette. James Blair, the White House’s deputy chief of staff, responded to an X user who remarked, “That...
The Consumer Financial Protection Bureau (CFPB) has another new leader with the appointment of Russell Vought, the newly sworn-in director of the White House’s Office of Management and Budget (OMB), taking over the agency as acting director. The Wall Street Journal,...
New leadership at federal agencies, a possible cause for some of the Los Angeles wildfires, and new HGTV shows that don’t seem very new. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Feb. 3-7. Hit: The Right Man for the...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
