Skip to main content

White House to Fed: Cut Rates

Phil Hall
Apr 01, 2019
Members of the National Association of Mortgage Brokers (NAMB) have participated in meetings at the White House to discuss important matters regarding Association Health Plans

The President took to Twitter to deride the Fed’s 2018 rate hikes, which he considered a policy error that halted economic progress.
 
“Had the Fed not mistakenly raised interest rates, especially since there is very little inflation, and had they not done the ridiculously timed quantitative tightening, the 3.0 percent GDP, & Stock Market, would have both been much higher & World Markets would be in a better place!” he tweeted
 
Separately, Kudlow stated in an interview with Axios that the Fed should "immediately" cut interest rates by 50 basis points. Kudlow added that he "would love to see" this action, which would put rates below two percent, adding that the central bank shouldn't have ever set overnight interest rates past the two percent mark. Rates are currently at 2.25 percent to 2.50 percent.
 
Fed Chairman Jerome Powell, a Trump appointee, signaled that the central bank was unlikely to enact more rate hikes this year. Powell and the Fed made no public comment on the comments from the President and Kudlow.

 
Published
Apr 01, 2019
Biden Nominates McCargo To Lead Ginnie Mae

Currently Serves As Senior Advisor For Housing Finance At HUD

Regulation and Compliance
Sep 14, 2021
OCC Plans To Rescind 2020 CRA Rule

The OCC formally issued a proposal to rescind a controversial rule within the Community Reinvestment Act (CRA) that was published in June 2020.

Regulation and Compliance
Sep 10, 2021
Flexibilities Move Forward

Pandemic Priorities Continue To Drive Industry Modernization

Regulation and Compliance
Sep 08, 2021
FHFA And The Enterprises Coordinate Action On Equitable Housing

Today the FHFA is announcing that Fannie Mae and Freddie Mac (the Enterprises) will submit Equitable Housing Finance Plans to the FHFA by the end of 2021.

Regulation and Compliance
Sep 08, 2021
Realtors Encouraged By Biden Plan to Expand Housing Supply

Administration Said Wednesday It Plans To Add 100,000 Affordable Homes In 3 Years

Regulation and Compliance
Sep 03, 2021
Biden Administration Announces Plan For Affordable Housing

President Biden and his administration firmly believe it is time to intervene in the housing market.

Regulation and Compliance
Sep 01, 2021