Bipartisan Wall Street Housing Limits Won’t Boost Home Supply
Bipartisan majorities in both chambers of Congress have voted in favor of restricting Wall Street’s footprint in the housing market But the policy will likely do little to increase the availability of housing for American families via @hapgoodreports https://t.co/XlksOHgCHn
Fed Urged to Extend Swap Lines for Multi‑year Terms
Scooplet from me in today’s Morning Money: @SteveMiran suggested at the Fed’s April meeting that the U.S. central bank renew its currency swap lines with five foreign central banks for three or even five years, instead of annually https://t.co/8HS1TieczG
Farewell to Labor: A Generation of Reporters Departs
Truly the end of an era. The Labor team launched the same month I joined Politico & I have watched so many great reporters go thru it, from early stalwarts @marianne_levine & Brian Mahoney to @tedhesson @CoganSchneier @IanKullgren @Eleanor_Mueller @RebeccaARainey...
Biz Leaders Upset over White House CEO Role
American business leaders are frustrated over what they describe as mixed signals from the White House about the role CEOs will play in President Donald Trump’s upcoming trip to Beijing. via @_AriHawkins and @dlippman https://t.co/nYf9e559TE
Trump Quietly Opposes Senate-Backed Housing Bill He Once Backed
President Donald Trump is privately raising concerns with a Senate-approved housing bill that his White House previously supported — and almost made his objections public late last week. Scoop w/@meganmesserly @Jasper_Goodman @hapgoodreports https://t.co/LnRGbWgxBZ
Powell Warns Fed Independence Is Under Threat
In today’s Morning Money, I write about Chair Powell’s striking statement that Fed independence is “at risk.” https://t.co/LT9Rd9oAi5
Powell Warns Fed Independence Threatened by Political Pressure
Chair Powell says Fed independence is "at risk." "We're having to resort to the courts to enforce our legal — it's not so much independence. It's really the ability to make monetary policy without political considerations ... We've been successful so...
Powell Encouraged by DOJ Probe Drop, Remains Governor
Fed Chair Powell says he's "encouraged" by DOJ moves to drop its probe and defer to Fed inspector-general but suggests he plans to stay on the board as a regular governor for the time being.
Fed Policymakers Warn Warsh: No Consensus on Rate Cuts
A group of Federal Reserve policymakers sent Fed Chair nominee Kevin Warsh a clear warning on Wednesday: They're not sold on cutting interest rates. https://t.co/K8PiTAl1aL
Powell Holds Rates Steady Amid Mixed Economic Data
Fed Chair Jerome Powell will keep interest rates steady on Wednesday as he struggles to parse a bewildering mix of data: rising energy prices, an uncertain labor market and questions over shifting tariff rates. Soon, it will all be Kevin Warsh’s...
DOJ Ends Fed Probe, Citing No Viable Options
DOJ is dropping its probe into the Fed and Chair Jerome Powell because there was really no other winning scenario here, as I laid out last week: https://t.co/K1glC171IN
Warsh's Potential Fed Reforms Analyzed by Experts
Read this morning’s rundown from me and @samjsutton about reforms Warsh might make to the Fed: https://t.co/bBY0mNIO8y
Fed Balance Sheet Debate Mirrors Religion, Yet Intriguing
The Fed balance sheet convo often feels like debating religion or philosophy, but it’s a fascinating storyline
Warsh May Trim Fed Press Conferences if Confirmed
Fed Chair nominee Warsh hints he would reduce the number of press conferences if confirmed (Powell currently does one after every rate decision)
Warsh Says President Never Directed Specific Interest-Rate Decisions
Warsh's wording seemed quite precise to me (emphasis mine): "The president never asked me to predetermine, commit, fix, decide on *any interest rate decision*" He used the same wording again: "The president never once asked me to commit to any particular...