Powell, Fed and Trump
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"While tariffs are highly likely to generate at least a temporary rise in inflation, it is also possible that the effects could be more persistent," Powell warned.
From SFGATE
In a bitterly divided 5-4 decision, the court said that the migrants, whom the administration has accused of being gang members, must get a chance to challenge their deportation before they are taken...
From Houston Chronicle
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Trump blasts the Fed chief for ‘PLAYING POLITICS’ and says now would be a ‘PERFECT time’ to cut interest rates.
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Latin Times on MSNFed Chair Powell Says Impact of Tariffs Are 'Significantly Larger Than Expected' As Trump Calls Him To Cut RatesFed Chair Jerome Powell said the impact of Trump's tariffs are "significantly larger than expected" and that the central bank's job is to prevent them from boost inflation
The Federal Reserve chair said it continues to "wait for clarity" on Trump's tariff policies as their impact continues to reverberate.
The uptick in seller activity is notable because even as the lock-in effect eases, the gap between today’s market rates and the rate many homeowners have on their current mortgages is quite large. In fact, the latest data shows that 82% of homeowners with a mortgage had a rate below 6%, down from 87% one year ago.
Speaking at a conference in Arlington, Virginia, on Friday, Chairman Jeorme Powell said the Federal Reserve remains committed to bringing inflation down to its 2% target but acknowledged that progress has slowed in recent months.