Trump Leaning Toward Warsh or Hassett for Fed Chair
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The monthly costs of a mortgage loan of this size are considerably lower than they were at the start of 2025.
The December Federal Reserve meeting may lead to lower mortgage rates, but it's not directly caused by the 25 basis point rate cut.
Federal Reserve governor Stephen Miran has said that “phantom inflation” is distorting the US central bank’s decision-making and causing it to keep interest rates too high.
WASHINGTON, Dec 15 (Reuters) - Current above-target inflation does not reflect underlying supply and demand dynamics that are generating price increases much closer to the central bank's 2% target, Federal Reserve Governor Stephen Miran said on Monday,
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Federal Reserve Governor Stephen Miran again argued the central bank’s policy stance is unnecessarily restrictive on the economy, pointing to his benign outlook for inflation and warning signs in the labor market.
By Michael S. Derby Dec 15 (Reuters) - Federal Reserve Bank of Boston President Susan Collins said Monday a changing inflation outlook tilted her toward supporting last week’s central bank interest rate cut.
Mortgage rates have been largely unchanged.
The board of directors for the Federal Reserve Bank of Atlanta has launched a search for the regional bank’s next president, following news that President Raphael Bostic will retire at the end of February.
By Michael S. Derby JERSEY CITY, New Jersey, Dec 15 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's interest rate cut last week was the right move and leaves it in a good position to deal with an economy that's on track to perform fairly well next year.