Fed Gov. Powell to Head Bank Supervision Committee
Phil Hall
Apr 10, 2017
The Federal Reserve has named Governor Jerome Powell to lead the Committee on Supervision and Regulation, replacing Daniel Tarullo.
According to a Bloomberg report, Powell will have the authority over the Fed’s functions on writing bank rules and overseeing Wall Street enforcement. Powell, who came to the Fed in 2012 after working as a partner at Carlyle Group and serving in President George H.W. Bush’s Treasury Department, also holds three other chairmanships within the Fed.
However, Powell’s responsibility in heading this committee may be short-lived, as President Trump is soon expected to name a new Fed vice chairman of banking supervision.
Should lead to minimal excess housing supply and have no measurable reduction in housing prices.
More than 4 million existing-homes for sale annually over the next decade will come from the aging and mortality of older homeowners, yet sustained homebuyer demand from population growth and younger generation households should lead to minimal excess housing supply and have...
Marks the 16th consecutive month of double-digit price increases.
CoreLogic’s May Home Price Insights report revealed that home prices nationwide, including distressed sales, increased 20% in May 2022 from a year earlier. No states posted an annual decline in home prices.
On a month-over-month basis, home prices increased 1.8% in May fro...