White House to Fed: Cut Rates

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.

About the author

Phil Hall

Link copied

Published

Apr 01, 2019

Industry News

New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

A new academic study suggests United Wholesale Mortgage's 2021 "All-In" broker ultimatum reshaped competition in the wholesale mortgage market in an unexpected way. While the policy forced brokers to choose between doing business with UWM or Rocket Mortgage, researchers foun...

People On The Move

First Horizon Appoints Craig Netterville As Baton Rouge President

Twenty-year company veteran and former state mortgage association president takes the helm in Baton Rouge

First Horizon Bank has named Craig A. Netterville senior vice president and Baton Rouge president, promoting a 20-year company veteran and former president of the Louisiana Mortgage Lenders Association to lead the bank’s operations in the market.Netterville most recently led...

Sep

San Francisco, CA

More from

Regulation and Compliance

Illinois Changes Property Tax Foreclosure Process To Return Surplus Equity

Borrowers can save remaining home equity after delinquent property taxes and fees are paid

Regulation and Compliance

Jul 14, 2026

CFPB Weighs Changes To TRID Timing And Mortgage Rescission Rules

The bureau is seeking feedback on whether federal disclosure requirements raise costs, delay closings or limit access to mortgage credit

Regulation and Compliance

Jul 13, 2026

CFPB Issues AI Underwriting Guidance On Adverse Action Notices

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities

Regulation and Compliance

Jul 09, 2026

VantageScore Says 4.0 Model Could Unlock $1 Trillion In Mortgage Originations

New study says VantageScore 4.0 scores five million more creditworthy borrowers than FICO Score 10T, expanding lending opportunities as the industry prepares for the GSE credit score transition

Regulation and Compliance

Jul 07, 2026

MISMO Updates Mortgage Insurance Standards To Support FICO 10T, VantageScore 4.0

New implementation guide standardizes mortgage insurance data exchange, helping lenders, insurers and technology providers prepare systems for newer credit scoring models

Regulation and Compliance

Jul 03, 2026

Congress Weighs New Roadmap To End Fannie, Freddie Conservatorship

Rep. Scott Fitzgerald's three-bill housing package would establish a statutory framework for releasing the GSEs while expanding construction lending and easing some TRID compliance requirements

Regulation and Compliance

Jun 30, 2026

Popular